Designing a Better Shopbot

@article{Montgomery2004DesigningAB,
  title={Designing a Better Shopbot},
  author={Alan L. Montgomery and Kartik Hosanagar and Ramayya Krishnan and Karen Clay},
  journal={Management Science},
  year={2004},
  volume={50},
  pages={189-206}
}
A primary tool that consumers have for comparative shopping is the shopbot, which is short for shopping robot. These shopbots automatically search a large number of vendors for price and availability. Typically a shopbot searches a predefined set of vendors and reports all results, which can result in time-consuming searches that provide redundant or dominated alternatives. Our research demonstrates analytically how shopbot designs can be improved by developing a utility model of consumer… CONTINUE READING
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