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The Adaptive Decision Maker

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Title: The Adaptive Decision Maker
by John W. Payne, James R. Bettman, Eric J. Johnson
ISBN: 0-521-42526-3
Publisher: Cambridge University Press
Pub. Date: 01 July, 1993
Format: Paperback
Volumes: 1
List Price(USD): $28.00
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Average Customer Rating: 5 (1 review)

Customer Reviews

Rating: 5
Summary: An excellent insight on adaptive behavior
Comment: A book worth reading to develop an insight on the principles that guide consumer information processing and selection of relevant decision strategies in various choice environments. The framework that is presented here is both intuitively appealing and useful in guiding marketing thought and practice. The book itself is written to appeal to multiple classes of readers, i.e., general interest readers, academics, and practicing professionals. The underlying notions of consumer decision making based on adaptive behavior; and information processing based on "bounded rationality" are presented within a well-researched framework. The book is developed to provide useful insights on decision behavior emerging from various disciplinary orientations like, the behavioral sciences, cognitive psychology, consumer studies, and marketing among others. The framework proposed is well applied in everyday decision situations that pertain to businesses and consumers. The authors themselves are renowned researchers in their fields and therefore provide invaluable insight on adaptive consumer behavior and the limitations of human information processing.

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