A | B |
AFFECT REFERRAL | a decision based upon emotion or impulse |
ALGORITHM | a structured problem solving process leading to one answer |
HEURISTIC | an informal rule of thumb for quickly identifying a solution |
FISHBEIN | marketing professor who advocated a Bayesian approach |
BAYES | an 18th century Scottish mathematician who urged calculation of probable benefits for maximization of expected gain |
INEPT SET | those alternatives that are immediately rejected as inappropriate |
SIMON | economist who contended that most people merely satisfice instead of seeking an optimal solution |
RANDOMIZATION | allowing a coin flip or lottery to decide |
REFRAMING | a creative revisioning of a problem |
LEXICOGRAPHIC | decision making focused on one criterion |
CONJUNCTIVE | decision making requiring minimum scores on several criteria; serves to minimize expected risk |
ROUTINIZED | when consumers are brand loyal and repeat their purchases without going through an extended decision making process, this behavior has become ... |