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Marketing

See the latest research, articles and faculty on the Marketing Area of Expertise at Columbia Business School.

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Marketing Faculty

CBS Faculty Research on Marketing

Business Anthropology on the Road

Authors
Robert Morais and Elizabeth Briody
Date
May 28, 2019
Format
Newspaper/Magazine Article
Publication
Anthropology News

In practice and scholarship, the application of anthropology in and on business has seen substantial growth in recent years. Beyond the industries that employ anthropologists and the scholarly studies, the sheer number of people engaged in the field appears to be increasing exponentially. With so much activity emanating from business anthropology, it is surprising that so few anthropology departments in the United States offer courses on the topic, or any preparation at all for students who want to enter industry or engage in other organizational work.

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Selectively Emotional: How Smartphone Use Changes User-Generated Content

Authors
Shiri Melumad, Jeffrey Inman, and Michel Tuan Pham
Date
April 1, 2019
Format
Journal Article
Journal
Journal of Marketing Research

User-generated content has become ubiquitous and very influential in the marketplace. Increasingly, this content is generated on smartphones rather than personal computers (PCs). This article argues that because of its physically constrained nature, smartphone (vs. PC) use leads consumers to generate briefer content, which encourages them to focus on the overall gist of their experiences. This focus on gist, in turn, tends to manifest as reviews that emphasize the emotional aspects of an experience in lieu of more specific details.

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Eliza in the Uncanny Valley: Anthropomorphizing Consumer Robots Increases Their Perceived Warmth but Decreases Liking

Authors
S.Y. Kim and Bernd Schmitt
Date
March 1, 2019
Format
Journal Article
Journal
Marketing Letters

Consumer robots are predicted to be employed in a variety of customer-facing situations. As these robots are designed to look and behave like humans, consumers attribute human traits to them—a phenomenon known as the “Eliza Effect.” In four experiments, we show that the anthropomorphism of a consumer robot increases psychological warmth but decreases attitudes, due to uncanniness. Competence judgments are much less affected and not subject to a decrease in attitudes.

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From Atoms to Bits and Back: A Research Curation on Digital Technology and Agenda for Future Research

Authors
Bernd Schmitt
Date
January 1, 2019
Format
Journal Article
Journal
Journal of Consumer Research

As a result of the digital revolution, new topics and themes have entered consumer research, and, as the digital revolution enters a new phase, additional new concepts and research questions will emerge. To illustrate the variety of themes on digital technology that consumer researchers have studied, I am presenting a collection of five articles that represent this active new research area. Moreover, I will look into the future and propose a research agenda to address key consumer behavior issues occurring during the next phase of the digital transformation.

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French News Start-up L'Opinion: Swimming Upstream in Uncertain Times

Authors
Ava Seave
Date
January 1, 2019
Format
Case Study
Publisher
Columbia Business School

In May 2013 Nicolas Beytout launched L’Opinion, a news organization that published a daily newspaper, with a robust digital presence. L’Opinion was opinion-focused, with Libéral economic thought pieces and analysis at the heart of its content. The media industry had changed drastically in the decade preceding, with brutal competition among the traditional media and new entrants like the platforms Google and Facebook. The political environment was also a moving target, with anti-European nationalism on the rise.

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When Words Sweat: Identifying Signals for Loan Default in the Text of Loan Applications

Authors
Oded Netzer, Alain Lemaire, and Michal Herzenstein
Date
January 1, 2019
Format
Journal Article
Journal
Journal of Marketing Research

The authors present empirical evidence that borrowers, consciously or not, leave traces of their intentions, circumstances, and personality traits in the text they write when applying for a loan. This textual information has a substantial and significant ability to predict whether borrowers will pay back the loan above and beyond the financial and demographic variables commonly used in models predicting default.

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What's the Catch? Suspicion in Bank Motives and Sluggish Refinancing

Authors
Eric Johnson, Stephan Meier, and Olivier Toubia
Date
January 1, 2019
Format
Journal Article
Journal
The Review of Financial Studies

Failing to refinance a mortgage can cost a borrower thousands of dollars. Based on administrative data from a large financial institution, we show that around 50% of borrowers leave thousands of dollars on the table by not refinancing. Survey data indicate that, among all the behavioral factors examined, only suspicion of banks motives is consistently related to the probability of accepting a refinancing offer. Finally, we report the results of three field experiments showing that enticing offers made by banks fail to increase participation and may even deepen suspicion.

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Extracting Features of Entertainment Products: A Guided Latent Dirichlet Allocation Approach Informed by the Psychology of Media Consumption

Authors
Olivier Toubia, Garud Iyengar, Renee Bunnell, and Alain Lemaire
Date
January 1, 2019
Format
Journal Article
Journal
Journal of Marketing Research

The authors propose a quantitative approach for describing entertainment products, in a way that allows for improving the predictive performance of consumer choice models for these products. Their approach is based on the media psychology literature, which suggests that people’s consumption of entertainment products is influenced by the psychological themes featured in these products. They classify psychological themes on the basis of the “character strengths” taxonomy from the positive psychology literature (Peterson and Seligman 2004).

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Personalizing the Customization Experience: A Matching Theory of Mass Customization Interfaces and Cultural Information Processing

Authors
Emanuel de Bellis, Claudius Hildebrand, K. Ito, A. Herrmann, and Bernd Schmitt
Date
January 1, 2019
Format
Journal Article
Journal
Journal of Marketing Research

Mass customization interfaces typically guide consumers through the configuration process in a sequential manner, focusing on one product attribute after the other. What if this standardized customization experience were personalized for consumers on the basis of how they process information? A series of large-scale field and experimental studies, conducted with Western and Eastern consumers, shows that matching the interface to consumers’ culture-specific processing style enhances the effectiveness of mass customization.

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