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Business & Management - Marketing | Complex Modeling of Consumer Behavior - Agent-Based Marketing Science

Complex Modeling of Consumer Behavior

Agent-Based Marketing Science

Mizuno, Makoto

2016, VI, 294 p. 70 illus.

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  • About this book

  • Is a rare monograph comprehensively dealing with social complexity science approaches for marketing and consumer behavior
  • Covers a wide range of marketing topics such as new product diffusion, brand choice, customer relationship, advertising and word-of-mouth
  • Offers an integrative framework for understanding complex phenomena of consumer behaviors caused by their bounded-rationality and social interaction
This book reports what progress is being and should be made in marketing science by social complexity science through such means as agent-based modeling and complex networks, which is seldom addressed by books reviewing the state of the art of marketing research or marketing science. Recently, as the penetration of brand-new communication technologies such as social media or mobile phones is connecting consumers more tightly than ever, marketers should understand and harness complex social interactions between consumers as well as between consumers and firms. Traditional marketing science does not sufficiently capture such phenomena; hence, the emerging alternative approaches are reflecting advances in social complexity science. The aim of this book is to give an overview of these newly emerging research trends, focusing mainly on the following three topics: diffusion of new products, choice and relationship with existing brands and marketing communication including consumers’ word-of-mouth. These topics have attracted a lot of attention among marketers in particular in rapidly growing markets such as hi-tech or services, where consumers’ mutual interaction and their bounded-rational behavior play critical roles. The prospective readers of this book include researchers, graduate students and practitioners with high expertise (e.g. data scientists) in both marketing/consumer research areas and complexity science areas such as computer science, physics and mathematical social science. The book serves as a bridge by providing the evolving knowledge on social complexity modeling for marketing researchers and the accumulated knowledge on marketing/consumer research for complexity researchers. In addition to reviewing previous and ongoing studies, this book offers the agenda for future researchers to discuss what problems have not been solved yet and need social complexity science approaches.

Content Level » Research

Keywords » Agent-based Modeling - Complexity Science - Consumer Behavior - Marketing - Social Interaction

Related subjects » Marketing

Table of contents 

​Chapter 1. Introduction Part I New product diffusionChapter 2. Diffusion on a real personal networkChapter 3. Diffusion on complex networks   Part II Choice of existing brandsChapter 4. Choice of TV channelChapter 5. Customer relation with a service firm   Part III Marketing communicationChapter 6. Word-of-mouth on the social mediaChapter 7. Consumer-generated advertisingChapter 8. Agenda for future researches  

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