Detailed Information on Publication Record
2020
Impact of Demographic Factors Gender and Age on the Decoy Effect
KUBALOVÁ, RadkaBasic information
Original name
Impact of Demographic Factors Gender and Age on the Decoy Effect
Name in Czech
Vliv demografických faktorů pohlaví a věku na efekt návnady
Authors
KUBALOVÁ, Radka (203 Czech Republic, guarantor, belonging to the institution)
Edition
Ekonomika a spoločnosť, Banská Bystrica (SK), 2020, 1335-7069
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50204 Business and management
Country of publisher
Slovakia
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
RIV identification code
RIV/47813059:19520/20:A0000142
Organization unit
School of Business Administration in Karvina
Keywords (in Czech)
Rozhodování spotřebitele, efekt asymetricky dominovaných alternativ, kontextové efekty, volba
Keywords in English
Consumer decision making; Effect of asymmetrically dominated alternatives; Context effects; Choice
Tags
International impact, Reviewed
Změněno: 6/5/2021 21:14, Ing. Radka Kubalová, Ph.D.
Abstract
V originále
When faced with the choice problem involving two products each superior in a different dimension, an addition of an asymmetrically dominated alternative into the choice set might shift the consumer’s preferences towards the dominant alternative. In this paper, the possible impact of gender and age as demographic factors on the decoy effect is explored and discussed. The research question is whether there might be any significant differences in the strength of decoy effect on choices of Czech consumers according to these factors. The analyzed data were obtained in an experiment with 260 participants where the presence of the decoy effect has been confirmed for two product categories washing machines and gym seasonal tickets. The effect sizes for consumers groups based on the demographic factors are tested by Chi-squared test. This study and its findings broaden the theory of consumer decision making about decoy effects.