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Consumer Behavior #7

AB
AFFECT REFERRALa decision based upon emotion or impulse
ALGORITHMa structured problem solving process leading to one answer
HEURISTICan informal rule of thumb for quickly identifying a solution
FISHBEINmarketing professor who advocated a Bayesian approach
BAYESan 18th century Scottish mathematician who urged calculation of probable benefits for maximization of expected gain
INEPT SETthose alternatives that are immediately rejected as inappropriate
SIMONeconomist who contended that most people merely satisfice instead of seeking an optimal solution
RANDOMIZATIONallowing a coin flip or lottery to decide
REFRAMINGa creative revisioning of a problem
LEXICOGRAPHICdecision making focused on one criterion
CONJUNCTIVEdecision making requiring minimum scores on several criteria; serves to minimize expected risk
ROUTINIZEDwhen consumers are brand loyal and repeat their purchases without going through an extended decision making process, this behavior has become ...


Professor of Psychology
Crafton Hills College
Long Beach, CA

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