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The effect of information on consumer choice (the case of product with new properties) AgEcon
Fetisova, Yulia.
In the modern world very concentrated informational environment forms consumer preferences well before a potential buyer goes to the shop to make purchases. The production of new commodities triggers economic agents’ demand for objective information necessary for taking decisions about their safety or further use. This study uses economic experiment to investigate the effect of information about the product with new properties on behavior of the Russian consumers and proves that new information can alter individual perceptions and evoke response. It turns out that women are more receptive to any information concerning food products. The results also emphasize discrepancy between actual participants’ behavior and their initial estimates made in...
Tipo: Working or Discussion Paper Palavras-chave: Economic experiment; Effect of information; Product with new properties; Consumer behavior; Institutional and Behavioral Economics; Marketing; Research Methods/ Statistical Methods; D12; Q13.
Ano: 2009 URL: http://purl.umn.edu/51364
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