| The Paradox of Points: Theoretical Foundation and Empirical Evidence of Medium Magnitude Effects in Loyalty Programs 2015 Edition Contributor(s): Köcher, Sören (Author) |
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ISBN: 3658095423 ISBN-13: 9783658095420 Publisher: Springer Gabler OUR PRICE: $52.24 Product Type: Paperback Published: April 2015 |
| Additional Information |
| BISAC Categories: - Business & Economics | Marketing - General - Business & Economics | Organizational Behavior - Business & Economics | Economics - Theory |
| Dewey: 658.8 |
| Series: Applied Marketing Science / Angewandte Marketingforschung |
| Physical Information: 0.42" H x 5.83" W x 8.27" (0.54 lbs) 163 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: In his research, S ren K cher provides valuable insights on the paradoxical effects of the magnitude of a loyalty program medium--i.e. the sheer number of points, miles, or stamps credited for every purchase and required for reward redemption--on the central consumer decisions in loyalty program memberships. In sum, the results of twelve empirical studies reveal that high magnitude currencies improve the attractiveness of medium collection but entail reluctant medium spending behavior. These findings provide important implications for a more efficient usage of loyalty programs in business practices. In addition, this dissertation discovers a violation of one of the most fundamental assumptions of rational choice theory and thus contributes to a better understanding of when and why people deviate from rational decision-making. |