Cognitive Lock-In and the Power Law of Practice
Journal of Marketing, Vol. 67, pp. 62-75, 2003
15 Pages Posted: 9 Jan 2009
Date Written: April 2003
Abstract
The authors suggest that learning is an important factor in electronic environments and that efficiency resulting from learning can be modeled with the power law of practice. They show that most Web sites can be characterized by decreasing visit times and that generally those sites with the fastest learning curves show the highest rates of purchasing.
Keywords: consumer behavior, research, web sites, electronic commerce, marketing research, purchasing, customer loyalty, learning, environmental aspects, cognitive science
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
On the Depth and Dynamics of Online Search Behavior
By Eric J. Johnson, Wendy W. Moe, ...
-
Resource Slack and Propensity to Discount Delayed Investments of Time Versus Money
By Gal Zauberman and John G. Lynch
-
By Selin A. Malkoc and Gal Zauberman
-
Explaining Cognitive Lock-In: The Role of Skill-Based Habits of Use in Consumer Choice
By Kyle B. Murray and Gerald Häubl
-
Consuming Now or Later? The Interactive Effect of Timing and Attribute Alignability
By Selin A. Malkoc, Gal Zauberman, ...
-
The Best of Strangers: Context Dependent Willingness to Divulge Personal Information
By Leslie K. John, Alessandro Acquisti, ...
-
Skill Acquisition and Interface Loyalty: A Human Capital Perspective
By Kyle B. Murray and Gerald Häubl
-
Superstition and Rational Learning
By Drew Fudenberg and David K. Levine
-
How I Decide Depends on What I Spend: Use of Heuristics is Greater for Time than for Money
By Ritesh Saini and Ashwani Monga