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The paradox of pointstheoretical fou...

Kocher, Soren.

The paradox of pointstheoretical foundation and empirical evidence of medium magnitude effects in loyalty programs /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The paradox of pointsby Soren Kocher.
Reminder of title:	theoretical foundation and empirical evidence of medium magnitude effects in loyalty programs /
Author:	Kocher, Soren.
Published:	Wiesbaden :Springer Fachmedien Wiesbaden :2015.
Description:	xix, 163 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Customer loyalty programs.
Online resource:	http://dx.doi.org/10.1007/978-3-658-09543-7
ISBN:	9783658095437 (electronic bk.)

The paradox of pointstheoretical foundation and empirical evidence of medium magnitude effects in loyalty programs /
Kocher, Soren.

The paradox of pointstheoretical foundation and empirical evidence of medium magnitude effects in loyalty programs /[electronic resource] :by Soren Kocher. - Wiesbaden :Springer Fachmedien Wiesbaden :2015. - xix, 163 p. :ill., digital ;24 cm. - Applied marketing science. - Applied marketing science..

In his research, Soren Kocher provides valuable insights on the paradoxical effects of the magnitude of a loyalty program medium - i.e. the sheer number of points, miles, or stamps credited for every purchase and required for reward redemption - on the central consumer decisions in loyalty program memberships. In sum, the results of twelve empirical studies reveal that high magnitude currencies improve the attractiveness of medium collection but entail reluctant medium spending behavior. These findings provide important implications for a more efficient usage of loyalty programs in business practices. In addition, this dissertation discovers a violation of one of the most fundamental assumptions of rational choice theory and thus contributes to a better understanding of when and why people deviate from rational decision-making. Contents Conceptual background and literature review on loyalty programs Rational and descriptive theories of choice Empirical examination of medium magnitude effects on the central consumer decision fields in loyalty program memberships Target Groups Academics and students in the fields of marketing, consumer behavior, and customer relationship management Practitioners concerned with designing and managing loyalty programs The Author Dr. Soren Kocher received his doctorate at the Department of Marketing, TU Dortmund University under the guidance of Prof. Dr. Hartmut H. Holzmuller.

ISBN: 9783658095437 (electronic bk.)

Standard No.: 10.1007/978-3-658-09543-7doiSubjects--Topical Terms:

333184
Customer loyalty programs.

LC Class. No.: HF5415.525

Dewey Class. No.: 658.812

The paradox of pointstheoretical foundation and empirical evidence of medium magnitude effects in loyalty programs /
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520 $a In his research, Soren Kocher provides valuable insights on the paradoxical effects of the magnitude of a loyalty program medium - i.e. the sheer number of points, miles, or stamps credited for every purchase and required for reward redemption - on the central consumer decisions in loyalty program memberships. In sum, the results of twelve empirical studies reveal that high magnitude currencies improve the attractiveness of medium collection but entail reluctant medium spending behavior. These findings provide important implications for a more efficient usage of loyalty programs in business practices. In addition, this dissertation discovers a violation of one of the most fundamental assumptions of rational choice theory and thus contributes to a better understanding of when and why people deviate from rational decision-making. Contents Conceptual background and literature review on loyalty programs Rational and descriptive theories of choice Empirical examination of medium magnitude effects on the central consumer decision fields in loyalty program memberships Target Groups Academics and students in the fields of marketing, consumer behavior, and customer relationship management Practitioners concerned with designing and managing loyalty programs The Author Dr. Soren Kocher received his doctorate at the Department of Marketing, TU Dortmund University under the guidance of Prof. Dr. Hartmut H. Holzmuller.
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