Keen On… Absolute Value: What Really Influences Customers In The Age Of (Nearly) Perfect Information


TechCrunch

[tc_5min code=”518104665″]

How do we decide what to buy? According to Itamar Simonson and Emanuel Rosen, the authors of Absolute Value: What Really Influences Customers in the Age of (Nearly) Perfect Information, we used to make buying choices based on brand. It was guesswork, they say. And often we were duped by sexy advertising campaigns that presented bad products in a good way.

And then the Internet came along. Simonson and Rosen say that the Internet age is one of (nearly) perfect information in which we can research the quality of anything – from hotels to cameras to cars to apps – online. Quality wins, in our Internet age, they say. Rather than basing our purchasing decisions on brand, we can read 50 reviews online and then make a much more educated decision on what we should buy.

This is great news for entrepreneurs, Simonson and Rosen say…

View original post 61 more words

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s