A Polarization Model for Describing Group Preferences
Vithala R Rao and
Joel H Steckel
Journal of Consumer Research, 1991, vol. 18, issue 1, 108-18
Abstract:
This article develops a model for describing the preferences of a group of its individual members. The model incorporates the empirically observed group-polarization phenomenon. It Is interesting that the resulting group preference evaluation is essentially a weighted linear model of individual preferences with the addition of an intercept term. The polarization model is empirically tested in two experimental contexts, faculty-candidate and restaurant selection. For both experimental situations, the polarization model performed better for the majority of groups tested in predicting a holdout sample than did either the more common weighted linear model without an intercept (with weights summing to one) or the multilinear model. Copyright 1991 by the University of Chicago.
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:oup:jconrs:v:18:y:1991:i:1:p:108-18
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