Authors
Lin Tang, Chonghui Guo, Leilei Sun, Yuqian Zuo, Zhen Zhang
Publication date
2021
Journal
Journal of Systems Science and Systems Engineering
Volume
30
Issue
1
Pages
105-122
Publisher
Springer
Description
As a kind of the most significantly popular information in markets, the sales ranking has great impacts on consumer choice. However, there are few discussions on how sales ranking should be provided to consumers in the literature. This paper aims to answer the following two questions: 1) To what extent does the sales ranking influence consumer choices; 2) When the sales ranking should be provided to consumers. To do so, this paper first constructs a sales ranking model and then provides detailed simulation experiments to demonstrate the model. The experimental results show that for markets where consumer preferences are dramatically different, such as music and movie markets, sales rankings do not have significant influences on consumer choices and should not be provided to consumers until a large number of early independent consumer choices have been accumulated. But for markets in …
Total citations
Scholar articles
L Tang, L Sun, C Guo, Y Zuo, Z Zhang - Journal of Systems Science and Systems Engineering, 2021