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Introduction to Behavioral Economy

Introduction to Behavioral Economy

          
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About the Book

Environment influences consumer behaviorHow to apply online psychological advertising method to predict behavioral consumption?Online advertising can give relevance information to represent the similarity between advertisement and queries. These existing online advertisement works mainly focused on interpreting advertisements clicks in term of what consumers seek. ( i.e. relevance information) and how consumers choose to watch TV or magazine or online advertisement etc. from different promotion media. ( historically to know the product is selling on the market through advertising information). However, few of manufacturers or sellers attempted to understand why consumers chose to watch the advertising from TV or magazine or internet etc. different media.Online Advertisement can be as a commercial search engine for manufacturers or sellers to gather data to concern how behavioral consumption is. The online advertisement's each observations motivate who to systemically model to test what each consumer individual psychological desire in order for a precise prediction on behavioral consumption after online advertisement promotion from internet media.Today, internet is one kind of effective psychological advertising promotion method. For example, an online advertisement system, sponsored search has been one of the most important business models for commercial web search engines. It generates most of the revenue of search engines by presenting to users sponsored search results, i.e. advertisements (ads), along with organic search results. To deliver the most interesting ads to the users, a sponsored search system consists of technical components, including query-to-ads matching, online click prediction for matched ads, online click probability and auction to determine the ranking, placement, and pricing of the remaining ads. To aim to attempt to predict behavioral consumption for any kinds of product sale from online advertisement media.In today's industry, generalized second price auction (GSP) is the most widely-used auction mechanism, in which the price that an advertiser has to pay depends on the predicted online click probability of the online buyers, whose own ads as well as the bid price and predicted online click probability of the ads ranked in the next position. The online sponsored search systems typically employ a machine learning model top predict the probability that an online user clicks an advertising from internet. However, in practical sponsored search system. There are many ads without adequate historical click through data, even after query levels. Then online ads can been click improved prediction accuracy to consumer individual behavioral consumption when each click is occurred to the seller individual website. For example, online ads, such as: free Nike coupons ad. It shows " Go-Get_couptons.com/Nike, Download and print Nike coupons ( 100% Free)"; another Nike-sales prices ad. It shows www.calibex.com, clothing, latest fashions and styles on sale. Buy Nike Fast!"; another Perfume.com official site ad. It shows "www.perfume.com, 10,000 + brand name perfumes and colognes-up to 80% off retail!"; another Luxury English Perfume Ad. It shows " www.florislondon.com, shop online for luxury perfumes for men, women and the home". Above of these are example online ads. For two queries, "Nike" and "Perfume", and two ads under the same query field similar relevance to the query.Despite the usefulness of the relevance and historical of what users click and how users click. Specially, relevance information can indicate what relevant content users seek to click from online ( internet) media. However, as it is well-known that users are not active to search for ads., the search engine, instead has to recommend ads. To users during their generic web search.


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Product Details
  • ISBN-13: 9798577294120
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 92
  • Series Title: Behavioral Economy
  • Weight: 272 gr
  • ISBN-10: 8577294129
  • Publisher Date: 06 Dec 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 6 mm
  • Width: 203 mm


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