Direction & management

Do price charts provided by online shopbots influence price expectations and purchase timing decisions?

Description: 

Online price comparison sites (shopbots) like PriceGrabber.com are the most powerful tools for consumers to easily compare prices and find offers for desired products. Besides providing distributions of actual prices in price comparison tables, shopbots like NexTag.com have recently introduced price charts (line charts) displaying a product's full price history. Price charts should support consumers in forming expectations about future prices. Nevertheless, it is currently unclear how price charts influence consumer price expectations and purchase decisions. The results of this study show that the provision of past prices leads to strong adjustments of price expectations depending on price chart characteristics. In particular, the trend, variance and range of past prices in the chart strongly affect price expectations and purchase timing decisions. Furthermore, in the case of a strong downward trend and high variance in past prices, results show that nearly 50% of the total effect is caused by the visualization of the price history.

Balancing present needs and future options: : how employees leverage social networks with clients

Description: 

This paper applies a social capital perspective to study how business units leverage individuals’ external networks to explore and exploit resources outside the firm’s boundaries. We explore this matter inductively by analysing the development and leveraging of social capital at the business unit level in a global commodity company. Our findings show how individuals’ strong and weak network ties support business unit ambidexterity. We also explore the characteristics of the supportive organisational context that allows firms to reap the benefits of their employees’ external social relationships. This study deepens our understanding of exploration and exploitation at both the individual and business unit levels and contributes to research on contextual ambidexterity.

Self-direction in online learning: : the student experience

Description: 

The purpose of this research was to explore self-directed learning (SDL) in the context of online learning. The experiences of traditional and nontraditional learners engaged in an online course as part of a degree-seeking program are explored in terms of readiness for SDL and the processes of planning, monitoring, and evaluating one’s own learning in the online context. The findings present small nuances in how different learners describe SDL in the online context related to how the different students perceive their learning in an online course. Traditional learners discuss the impact of the flexible nature of online learning as it relates to the process of SDL while nontraditional learners focus more on the learning process itself. Areas for future study in the area of SDL in online learning are shared to highlight the importance of exploring adult learning theory in the online context from both learner and educator perspectives.

Corporate reputation rankings 2016: : and the winner is?

Consumer valuation of Airbnb listings: : a hedonic pricing approach

Description: 

Purpose This paper aims to identify a wide array of utility-based attributes of Airbnb listings and measures the effects of these attributes on consumers’ valuation of Airbnb listings. Design/methodology/approach A hedonic price model was developed to test the effects of a group of utility-based attributes on the price of Airbnb listings, including the characteristics of Airbnb listings, attributes of hosts, reputation of listings and market competition. The authors examined attributes as they relate to the price of Airbnb listings and, therefore, estimated consumers’ willingness to pay for the specific attributes. The model was tested by using a dataset of 5,779 Airbnb listings managed by 4,602 hosts in 41 census tracts of Austin, Texas in the USA over a period from Airbnb’s launch in Texas up until November 2015. Findings The authors found that the functional characteristics of Airbnb listings were significantly associated to the price of the listings, and that three of five behavioral attributes of hosts were statistically significant. However, the effect of reputation of listings on the price of Airbnb listings was weak. Originality/value This study inspires what they call a factor-endowment valuation of Airbnb listings. It shows that the intrinsic attributes that an Airbnb listing endows are the primary source of consumer utilities, and thus consumer valuation of the listing is grounded on its functionality as an accommodation. This conclusion can shed light on the examination of competition between Airbnb and hotel accommodations that are built on the same or similar intrinsic attributes.

Approximations and generalized Newton methods

Description: 

We present approaches to (generalized) Newton methods in the framework of generalized equations $0\in f(x)+M(x)$, where $f$ is a function and $M$ is a multifunction. The Newton steps are defined by approximations $\hat f$ of $f$ and the solutions of $0\in \hat{f}(x)+M(x)$. We give a unified view of the local convergence analysis of such methods by connecting a certain type of approximation with the desired kind of convergence and different regularity conditions for $f+M$. Our paper is, on the one hand, thought as a survey of crucial parts of the topic, where we mainly use concepts and results of the monograph (Klatte and Kummer, Nonsmooth equations in optimization: regularity, calculus, methods and applications, Kluwer Academic Publishers, Dordrecht, 2002). On the other hand, we present original results and new features. They concern the extension of convergence results via Newton maps (Klatte and Kummer, Nonsmooth equations in optimization: regularity, calculus, methods and applications, Kluwer Academic Publishers, Dordrecht, 2002; Kummer in: Oettli, Pallaschke (eds) Advances in optimization, Springer, Berlin, 1992) from equations to generalized equations both for linear and nonlinear approximations $\hat f$, and relations between semi-smoothness, Newton maps and directional differentiability of $f$. We give a Kantorovich-type statement, valid for all sequences of Newton iterates under metric regularity, and recall and extend results on multivalued approximations for general inclusions $0\in F(x)$. Equations with continuous, non-Lipschitzian $f$ are considered, too.

e-MEMENTO: : a smartwatch experiment to investigate rote memorization in the connected age

Description: 

This article presents the results obtained by a qualitative study aiming at assessing the impact of innovative technologies on rote learning. The study involved students attending courses at Bachelor level. We compared the memorization of data provided on hard paper copies with data displayed on the smartwatch. We developed an application on the Apple Watch generating data batches. The participants involved in the study were asked to memorize data displayed on the smartwatch and that provided on hard paper copies, then we compared the recall rate of both formats. In addition to the figures obtained, we also mention the participants’ impressions on their learning appreciation for both devices. Finally, this article connects with the state-of-the art research concerning the comparison between digital and hard paper devices. Lastly, this article hints at future possible research leads.

Expectation and experience: : passenger acceptance of autonomous public transportation vehicles

Description: 

Passenger acceptance is a key factor for the successful integration, uptake and use of autonomous vehicles (AVs) in the domain of public transpor-tation. Especially knowing opinions and attitudes around safety, comfort and convenience. We discuss a pilot study conducted as part of a larger research project where AVs are being tested to transport members of the general public on a specified route with designated stops. We present preliminary findings of fieldwork conducted where people were asked their opinions and attitudes both before and after riding on an AV shuttle as a passenger for the first time. This allows us to compare user expectation beforehand with actual experience after-wards.

TripleWave: : spreading RDF streams on the web

Description: 

Processing data streams is increasingly gaining momentum, given the need to process these flows of information in real-time and at Web scale. In this context, RDF Stream Processing (RSP) and Stream Reasoning (SR) have emerged as solutions to combine semantic technologies with stream and event processing techniques. Research in these areas has proposed an ecosystem of solutions to query, reason and perform real-time processing over heterogeneous and distributed data streams on the Web. However, so far one basic building block has been missing: a mechanism to disseminate and exchange RDF streams on the Web. In this work we close this gap, proposing TripleWave, a reusable and generic tool that enables the publication of RDF streams on the Web. The features of TripleWave were selected based on requirements of real use-cases, and support a diverse set of scenarios, independent of any specific RSP implementation. TripleWave can be fed with existing Web streams (e.g. Twitter and Wikipedia streams) or time-annotated RDF datasets (e.g. the Linked Sensor Data dataset). It can be invoked through both pull- and push-based mechanisms, thus enabling RSP engines to automatically register and receive data from TripleWave.

The Effect of Government Subsidies in Professional Team Sports Leagues

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