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Decision Making & Negotiations

See the latest research, articles and faculty on the Decision Making & Negotiations Area of Expertise at Columbia Business School.

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Decision Making & Negotiations

Decision Making & Negotiations Research

Firms' Reactions to Public Information on Business Practices: The Case of Search Advertising

Authors
Andrey Simonov and Justin Rao
Date
January 1, 2019
Format
Journal Article
Journal
Quantitative Marketing and Economics

We use five years of bidding data to examine the reaction of advertisers to widely disseminated press on the lack of effectiveness of brand search advertising (queries that contain the firm's name) found in a large experiment run by eBay (Blake, Nosko and Tadelis, 2015). We estimate that 11% of firms that did not face competing ads on their brand keywords, matching the case of eBay, discontinued the practice of brand search advertising.

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Generational Differences in Managing Personal Finances

Authors
Bruce Carlin, Arna Olafsson, and Michaela Pagel
Date
January 1, 2019
Format
Journal Article
Journal
AEA Papers and Proceedings

In this article, we provide a descriptive account of how people from different generations vary in their use of financial management technology, their access credit markets, and how they finance consumption and incur financial costs and penalties. We use a detailed panel of transaction-level data from Iceland on individual spending, incomes, balances, and credit limits from a personal financial management software. We find that technology adoption is faster for millennials, but use of consumer credit and financial penalties are higher for older generations.

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The Brand Language Brief: A Pillar of Sound Brand Strategy

Authors
Robert Morais and Dawn Lerman
Date
January 1, 2019
Format
Journal Article
Journal
Journal of Brand Strategy

When carefully planned, language can be a strategic tool for managing a brand’s communication to target customers and for building brand equity. This paper explains how and why managers should conduct a brand language audit -- a comprehensive inventory of the many and varied linguistic devices used by brands in the category -- and then use the findings from the audit to develop a brand language brief. The brand language brief is a blueprint for crafting a distinctive language for a brand.

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The Joint Impact of Revenue-Based Loyalty Program and Promotions on Consumer Purchase Behaviors

Authors
Jia Liu, Asim Ansari, and Leonard Lee
Date
January 1, 2019
Format
Working Paper
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The Second Pugilist's Plight: Why People Believe They Are above Average, but Are Not Especially Happy about It

Authors
Shai Davidai and Sebastian Deri
Date
January 1, 2019
Format
Journal Article
Journal
Journal for Experimental Psychology: General

People's tendency to rate themselves as above average is often taken as evidence of undue self-regard. Yet, everyday experience is occasioned with feelings of inadequacy and insecurity. How can these 2 experiences be reconciled? Across 12 studies (N = 2,474; including 4 preregistered studies) we argue that although people do indeed believe that they are above average they also hold themselves to standards of comparison that are well above average.

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The Politics of Zero-Sum Thinking: The Relationship Between Political Ideology and the Belief That Life Is a Zero-Sum Game

Authors
Shai Davidai and M. Ongis
Date
January 1, 2019
Format
Journal Article
Journal
Science Advances

The tendency to see life as zero-sum exacerbates political conflicts. Six studies (N = 3223) examine the relationship between political ideology and zero-sum thinking: the belief that one party's gains can only be obtained at the expense of another party's losses. We find that both liberals and conservatives view life as zero-sum when it benefits them to do so. Whereas conservatives exhibit zero-sum thinking when the status quo is challenged, liberals do so when the status quo is being upheld.

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Marketing in the Digital Age: A Moveable Feast of Information

Authors
Kristen Lane and Sidney Levy
Date
January 1, 2019
Format
Journal Article
Journal
Marketing in a Digital World (Review of Marketing Research)

Advances in information technology have enabled consumers to connect and communicate as they never have before. This chapter conceptualizes information and the digital machines that enable contemporary connection and communication as being part of a “Moveable Feast.” A brief historical review tracing the impact and evolution of information technology on consumers’ lives and the marketplace is first provided.

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Proceedings of the 2019 Global Business Anthropology Summit

Authors
Timothy de Waal Malefyt and Robert Morais
Date
January 1, 2019
Format
Journal Article
Journal
Journal of Business Anthropology

The second Global Business Anthropology Summit was held May 28-29, 2019 at Fordham University in New York City. The 2019 Summit brought together 160 industry practitioners and academic scholars to build upon the work of the 2018 Summit. The 2019 Summit was explicitly and emphatically forward thinking and action oriented to advance anthropological ideas in business.

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Affect Regulation and Consumer Behavior

Authors
Charlene Chen and Michel Tuan Pham
Date
January 1, 2019
Format
Journal Article
Journal
Consumer Psychology Review

This article provides a critical review of what is known about affect regulation in relation to consumption behavior. Based on numerous findings from psychology, communication research, and consumer research, we identify a core set of general principles of affect regulation in consumer behavior. First, we define affect regulation, clarify its relations to the concepts of coping and compensatory consumption, and refine the emerging concept of “displaced coping.” We then review the generic strategies used in the regulation of general negative affective states.

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