Meyer, Robert J.; Sathi, Arvind
January 1985
Marketing Science;Winter85, Vol. 4 Issue 1, p41
Academic Journal
The processes of consumer preference formation during product learning are analyzed. A hypothesis about how individuals form attribute expectations is used to derive a dynamic multinomial logit model of individual choice which endogenously recognizes product learning. The model and its underlying assumptions are then tested in the context of an interactive grocery store learning game. The results support most elements of the proposed model structure. An assumption of temporal stationarity in attribute salience, however, could not be supported. Approaches to implementation of the model are discussed, and implications for marketing management and research in individual choice modeling are addressed. (Choice Models; New Product Forecasting; Decision Making under Uncertainty)


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