Recently, marketing researchers have recognized the importance of incorporating consumer perceived attribute uncertainty in consumer multiattribute evaluation models. However, marketing researchers have overlooked an important theory -- the expected model -- that has received extensive discussion in related disciplines. The study reported in this paper examines the applicability of the expected utility theory as a descriptive model in a marketing context.
CITATION STYLE
Sarel, D. (2016). Is Expected Utility a Descriptive Model of Consumer Decision Making Under Uncertainty? In Developments in Marketing Science: Proceedings of the Academy of Marketing Science (pp. 33–37). Springer Nature. https://doi.org/10.1007/978-3-319-16934-7_8
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