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Choice architecture techniques: developing a comprehensive taxonomy to test applicability in business relationships.
- Source :
- Management Decision; 2024, Vol. 62 Issue 11, p3383-3403, 21p
- Publication Year :
- 2024
-
Abstract
- Purpose: This paper develops an evidence-based conceptual framework for exploring the applicability of choice architecture in business relationships. Design/methodology/approach: Empirical studies of choice architecture in various fields are systematically reviewed to identify choice architecture techniques; major resulting categories of techniques are then discussed for applicability to business relationship contexts, and avenues for research are outlined. Findings: Managerial decision-making is potentially influenced by changes to choice contexts that (1 provide additional information from outside the choice context, (2) facilitate a particular way of comparing options, (3) present options in new ways, (4) rework the choice set, e.g. by adding options and (5) create internal states that push toward a target choice. Originality/value: The paper introduces the concept of choice architecture to business relationships. It develops a taxonomy of choice architecture techniques to guide the exploration of choice architecture effects in business relationships. [ABSTRACT FROM AUTHOR]
- Subjects :
- NUDGE theory
TAXONOMY
EMPIRICAL research
DECISION making
HEURISTIC
Subjects
Details
- Language :
- English
- ISSN :
- 00251747
- Volume :
- 62
- Issue :
- 11
- Database :
- Complementary Index
- Journal :
- Management Decision
- Publication Type :
- Academic Journal
- Accession number :
- 181518390
- Full Text :
- https://doi.org/10.1108/MD-06-2023-1091