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2012 | Buch

Interactive Decision Aids in E-Commerce

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This book gives recommendations on which interactive decision aids to offer in webstores. Interactive decision aids are tools that help online shoppers to compare and evaluate product information. Consumers can, for instance, exclude products that do not meet certain criteria, they can highlight certain information or they can assign ratings of different kinds. Interactive decision aids are important, because finding the preferred product in a short amount of time increases both the customers’ satisfaction and, in turn, the sales volume.This book includes a detailed description of decision aids, closely studies how decision aids are related to the decision behavior of customers, and develops a comprehensive system of decision aids, which is very flexible, increases both customer satisfaction and confidence, and can be used intuitively. The close link between typical behaviors and the decision aids allows webstores to learn about customers’ decision-making behavior by using a simple click stream analysis. The book is written in an easy-to-read style and provides both practical recommendations and knowledge about consumer behavior

Inhaltsverzeichnis

Frontmatter
Chapter 1. Introduction
Abstract
The importance of online shopping has grown remarkably over the last decade. In 2009, every West European spent on average €483 online and this amount is expected to grow to €601 in 2014.1 In Germany, the number of online shoppers has almost doubled since 2000, with 44% of all adults regularly buying products online today. In Western Europe, online sales reached €68 billion in 2009 and Forrester research forecast it will reach €114 billion by 2014 with a 11% compound annual growth rate.
Jella Pfeiffer

Analysis of Decision-Making Behavior

Frontmatter
Chapter 2. Fundamentals on Decision-Making Behavior
Abstract
This introductory chapter describes the fundamentals for later analysis, modeling and discussion of choice tasks and behavior. Figure 2.1 depicts the basic elements of the choice process which are relevant for the present work. On the left hand side, we see the general problem the decision makers are faced with: the choice task. Generally speaking, a choice task defines the problem of choosing the preferred out of a discrete and finite set of alternatives. The decision makers’ preferences determine what the preferred alternative is. Thus, in Sect. 2.1, we define both choice tasks and preferences.
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Chapter 3. The Influence of Context-Based Complexity on Decision Processes
Abstract
In this chapter, we present an empirical study which investigates the influence of context-based complexity on decision processes.1 To determine context-based complexity accurately, we measure each subject’s preferences individually with two advanced techniques from marketing research: choice-based conjoint analysis (CBC, Haaijer and Wedel 2007) and pairwise-comparison-based preference measurement (PCPM, Scholz et al. 2010), rather than relying on less precise estimates of preferences. Furthermore, we use eye tracking to trace the process of information acquisition precisely. Our results show that low context-based complexity leads to less information acquisition and more alternative-wise search. Moreover, people search information attribute-wise in the first stage of the decision process, then eliminate alternatives, and search alternative-wise in the last stage. We also found evidence that in situations of low context-based complexity, people switch earlier to alternative-wise processing. In essence, our findings suggest that people select decision strategies from an adaptive toolbox in situations of varying complexity, starting with lexicographic and elimination by aspect type rules and ending with strategies that imply an alternative-wise search.
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Chapter 4. The Influence of Task and Context-Based Complexity on the Final Choice
Abstract
In this chapter, we present a new approach for the design of choice task experiments that analyze the final respondent’s choice but not the decision process.1 The approach creates choice tasks with a one-to-one correspondence between decision strategies and the observed choices. Thus, a decision strategy used is unambiguously deduced from an observed choice. Furthermore, the approach systematically manipulates the characteristics of choice tasks and takes into account measurement errors concerning the preferences of the decision makers. We use this approach to generate respondent-specific choice tasks with either low or high complexity and study their influence on the use of compensatory and non-compensatory decision strategies. We provide results for the same three measurements of context-based complexity, namely the attribute range, the attractiveness difference, and the correlation of attribute vectors, which we considered in the previous study in Chap. 3. Furthermore, we study two measurements of task-based complexity, namely the number of alternatives and the number of attributes. We find that an increase in context-based complexity and number of alternatives lead to an increased use of non-compensatory strategies and a decreased use of compensatory decision strategies. In contrast, the number of attributes does not influence strategy usage. Furthermore, we observe interaction effects between the attribute range and the correlation of attribute vectors. The proposed approach does not rely on particular decision strategies or hypotheses to be tested and is immediately applicable to a wider range of decision environments. It contributes to research attempts that create designs that maximally discriminate between different models (see Sect. 2.3 and Myung and Pitt 2009).
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Decision Support with Interactive Decision Aids

Frontmatter
Chapter 5. Interactive Decision Aids
Abstract
Decision support systems assist people in making a decision or choosing a course of action in a nonroutine situation that requires judgment (Häubl and Trifts 2000; Kasper 1996). In online webstores, vendors can easily offer highly interactive types of decision support. These co-called interactive decision aids (IDA) “help consumers in making informed purchase decisions amidst the vast availability of online product offerings” (Wang and Benbasat 2009, p. 3). However, the application of IDA is not restricted to purchase decisions. They are general enough to be of use in any kind of choice task where alternatives are known.
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Chapter 6. INTACMATO: An IIMT-Prototype
Abstract
In the previous chapter, we pointed out that although users evaluate IIMT very positively, only a limited number of IIMT are offered. We assume that the main reason for this is that online sellers do not know which IIMT they should offer and what they should exactly look like. We address these two aspects in this chapter. Firstly, we review literature on IDA in the field of human interaction. We discuss several drawbacks of current approaches as well as the resulting requirements for the design of IIMT. Secondly, we break down observed decision-making behavior into typical steps decision makers apply in their decision processes. These steps indicate which IIMT would offer appropriate decision support. Based on these findings, we implement an IIMT-prototype, called INTACMATO in an iterative approach where two qualitative usability studies and implementation phases alternate.
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Chapter 7. An Effort-Accuracy Framework for IIMT
Abstract
In this chapter, we analyze to what extent INTACMATO meets the requirement of low effort. We take an existing effort-accuracy model, adapt and extend it to INTACMATO and show analytically the savings of effort achieved.
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Chapter 8. Quantitative Evaluation of INTACMATO
Abstract
The main purpose of the empirical study which we present in this chapter is to evaluate the IIMT-prototype (INTACMATO). INTACMATO is evaluated across the criteria: perceived ease of use (effort), perceived usefulness, shopping enjoyment, confidence, and satisfaction. The results show that – compared to a control group of more than 30 students who just saw a product-comparison matrix without any IIMTs – the web store with INTACMATO was evaluated more positively across all five evaluation criteria.
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Chapter 9. Summary, Conclusions, and Future Work
Abstract
In the present work, we addressed two research questions: (1) How does the complexity of a choice task influence decision-making behavior? (2) How can we consider knowledge about decision-making behavior for the design of IIMT? By answering the first research question, we contributed to current theory on decision-making behavior, while the main contribution of addressing the second research question is the development of INTACMATO, an IIMT-prototype for supporting choice decisions.
Jella Pfeiffer
Backmatter
Metadaten
Titel
Interactive Decision Aids in E-Commerce
verfasst von
Jella Pfeiffer
Copyright-Jahr
2012
Verlag
Physica-Verlag HD
Electronic ISBN
978-3-7908-2769-9
Print ISBN
978-3-7908-2768-2
DOI
https://doi.org/10.1007/978-3-7908-2769-9