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{ "pk": 26987, "title": "A rational analysis of marketing strategies", "subtitle": null, "abstract": "Rational accounts of decision-making are incompatible withthe prevalence and success of ubiquitous marketing strategies.In this paper, we demonstrate, using computational experi-ments, how an ideal Bayesian observer model of preferencelearning is compatible with the manipulation of purchasingdecisions via a number of well-known marketing techniques.The ability of this model to predict the effects of both famil-iar and novel marketing interventions suggests it as a plausiblecandidate theory of consumer marketing. Simultaneously, byclarifying the logic underneath the interplay between environ-mental exposure and preference distortions seen in economicdecisions, this model rationalizes the seemingly irrational sus-ceptibility of consumers to marketing.", "language": "eng", "license": { "name": "", "short_name": "", "text": null, "url": "" }, "keywords": [ { "word": "decision-making; preference learning; advertris-ing; marketing; rational analysis" } ], "section": "Talks: Papers", "is_remote": true, "remote_url": "https://escholarship.org/uc/item/5c3163r7", "frozenauthors": [ { "first_name": "Nisheeth", "middle_name": "", "last_name": "Srivastava", "name_suffix": "", "institution": "IIT Kanpur", "department": "" }, { "first_name": "Edward", "middle_name": "", "last_name": "Vul", "name_suffix": "", "institution": "University of California, San Diego", "department": "" } ], "date_submitted": null, "date_accepted": null, "date_published": "2017-01-01T18:00:00Z", "render_galley": null, "galleys": [ { "label": "PDF", "type": "pdf", "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/26987/galley/16623/download/" } ] }