Market experience leaves people less susceptible to economic bias, study finds
Experience in trading changes how the human brain evaluates the sale of goods, muting a well-established economic bias known as the endowment effect, according to researchers at the University of Chicago. (more…)
Reckoning with high rental fees, the onslaught of online shops and multinationals, brick-and-mortar fashion retailers are realising the perks of a pop-up shop.
Wait, pop-up what?
A pop-up is a store that takes up retail space temporarily (i.e. a few days to several months) as opposed to one taking on a year- or decades-long lease. The setup effectively frees the lessee from the constraints of a lengthy contract. (more…)
On Sites Like eBay, Strangers No Longer Seen as ‘Just Like You’
COLUMBUS, Ohio – An anonymous stranger you encounter on websites like Yelp or Amazon may seem to be just like you, and a potential friend. But a stranger on a site like eBay is a whole different story.
A new study finds that on websites where people compete against each other, assumptions about strangers change.
Previous research has shown that people have a bias toward thinking that strangers they encounter online are probably just like them. (more…)
Research could guide business and political decisions as well as charity work
COLUMBIA, Mo. – A business may build a better reputation as a good corporate citizen by donating $100,000 to ten charities, as opposed to $1 million to one charity, suggested University of Missouri anthropologist Shane Macfarlan. Contrary to earlier assumptions in theoretical biology, Macfarlan’s research found that helping a greater number of people builds a positive reputation more than helping a few people many times. The results of this research can offer guidance to businesses and politicians on how to improve their public images.
“Good reputations are good business. For example, buyers tend to purchase from merchants with numerous positive ratings on internet-based commerce websites, such as Amazon and eBay,” said Shane Macfarlan, post-doctoral anthropology researcher in MU’s College of Arts and Science. “Beyond the realm of commerce, the power of a positive reputation may have influenced the evolution of language and cooperation in our species. In our study, we found that an individual’s reputation improves more after helping a greater number of people compared to performing a greater number of helpful acts for fewer people.” (more…)
Today’s technology market is saturated with electronic devices from smartphones and e-book readers to sleek tablet computers and digital media players. The consumer challenge is knowing what these devices do, where they can be purchased, and which storefronts afford the optimal blend of affordability and marquee products. Oftentimes the best prices can be found online because digital sellers are competing with one another, which leads to competition and lower cost to the consumer. That said, this article will look at some online storefronts as well as online publications that critique the products sold at those online storefronts. The goal is to help the consumer find the best deals on cutting-edge technologies.
uBid.com
This company has been around since 1997 and its auction format, layout, and customer satisfaction measures are very similar to eBay. At any rate, uBid.com states in its credo that it functions as a top auction site that caters to new, overstock, rectified, and closeout products. This means that the customer is receiving a well cared for product at an extremely low cost! uBid showcases twenty five categories and one of which is electronics. uBid carries the latest computers, tablets, phones and cameras. Unlike eBay, uBid’s products are usually sold in bulk and there are many available – perhaps this accounts for the bargain basement deals! Many of the items and auctions on uBid, including electronics, start at only one dollar! (more…)
*Members of the Windows Server team speak with Microsoft News Center about their groundbreaking work in moving customers to the cloud—and what else they find fascinating.*
REDMOND, Wash. – Start telling most people about the importance of servers and their eyes glaze over. They would much rather talk about some cool new smartphone app or the latest social networking site. Yet without servers, the things we value most about technology—from mobile devices to online shopping—would be impossible.
“It’s servers that enable us to do everything from email to eBay,” says Betsy Speare, a principle program manager lead in the Windows Server Manageability team. “Servers are making the world a smaller place by providing the backbone for communication and the integration of information.” (more…)
SUNNYVALE, Calif. — Yahoo! Inc., the premier digital media company, today announced the appointment of Scott Thompson as Chief Executive Officer, effective January 9, 2012 , at which time Tim Morse will resume his role as Chief Financial Officer. Thompson has also been appointed to the Company’s Board of Directors, effective January 9, 2012.
Thompson served most recently as President of PayPal, a division of eBay, where he continued his established track record of growing businesses by driving customer engagement built on strong technology platforms. Under his leadership, PayPal solidified its lead as the global online payment service, expanding its user base from 50 million to more than 104 million active users in 190 countries worldwide, increasing the number of merchant partners to more than 8 million globally, and growing revenues from $1.8 billion to $4+ billion in 2011. (more…)
*comScore Releases Visitation View of Leading Global Retail and Auction Sites*
Reston, VA, August 17, 2011 – comScore, Inc., a leader in measuring the digital world, today released a report on selected global 
retail and auction sites based on data from the comScore Media Metrix service. The study found that of the destinations analyzed, Amazon Sites reached the largest global audience with more than 282 million visitors in June, or 20.4 percent of the worldwide Internet population. Other top brands in the study included eBay, which reached 16.2 percent of global Internet visitors, China’s Alibaba.com Corporation (11.3 percent reach), Apple.com Worldwide Sites (9.7 percent reach) and Japan’s Rakuten Inc. (4.2 percent reach).
“While retail e-commerce has already grown to become a $150+ billion annual industry in the U.S., it still presents enormous upside opportunity across much of the globe,” said Gian Fulgoni, comScore co-founder and chairman. “Technology has changed the way consumers behave, and increasingly they are opting for the convenience and pricing advantages offered by the online channel. Several global retail brands have already capitalized on this global consumer trend, and many other retailers are sure to pursue their share of the pie.” (more…)
