TY - JOUR
T1 - Context matters
T2 - The impact of product type, emotional attachment and information overload on choice quality
AU - Korhonen, Pekka J.
AU - Malo, Pekka
AU - Pajala, Tommi
AU - Ravaja, Niklas
AU - Somervuori, Outi
AU - Wallenius, Jyrki
PY - 2018/1
Y1 - 2018/1
N2 - We show that contextual variables in a Multiple Criteria Decision Making task influence choice quality. Based on an experiment we investigate the effects of product type, emotional attachment, and the amount and structure of information provided. We measured choice quality with nondominance, which is a desirable property of good choices. Regarding the product type effect, we distinguish between hedonic products that primarily are desirable due to affect, and utilitarian products, which are desirable because they are useful. When subjects with high emotional attachment make choices with hedonic products, they make fewer dominated choices than with utilitarian products. Further, we show that information overload is a relevant phenomenon in MCDM experiments. However, what matters is the quality of information, not just the quantity. When we add information that does not change the dominance relations between products, choice quality is not degraded.
AB - We show that contextual variables in a Multiple Criteria Decision Making task influence choice quality. Based on an experiment we investigate the effects of product type, emotional attachment, and the amount and structure of information provided. We measured choice quality with nondominance, which is a desirable property of good choices. Regarding the product type effect, we distinguish between hedonic products that primarily are desirable due to affect, and utilitarian products, which are desirable because they are useful. When subjects with high emotional attachment make choices with hedonic products, they make fewer dominated choices than with utilitarian products. Further, we show that information overload is a relevant phenomenon in MCDM experiments. However, what matters is the quality of information, not just the quantity. When we add information that does not change the dominance relations between products, choice quality is not degraded.
KW - Behavioral OR
KW - Choice quality
KW - Emotions
KW - Information overload
KW - Multiple criteria analysis
UR - http://www.scopus.com/inward/record.url?scp=85023610405&partnerID=8YFLogxK
U2 - 10.1016/j.ejor.2017.06.060
DO - 10.1016/j.ejor.2017.06.060
M3 - Article
AN - SCOPUS:85023610405
SN - 0377-2217
VL - 264
SP - 270
EP - 279
JO - European Journal of Operational Research
JF - European Journal of Operational Research
IS - 1
ER -