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Access to information in word of mouth marketing within a cellular automata model

  • University of Wrocław

Research output: Contribution to journalArticlepeer-review

14 Citations (Scopus)

Abstract

We propose a simple microscopic model of consumer behavior in which decisions are made solely on the basis of person to person communication. Within our model we determine which factors are important in word of mouth marketing. We provide both Monte Carlo simulations, as well as mean-field analytical calculations and show that both the average decision time and uncertainty of decision grow nonlinearly with the amount of information up to a certain threshold value.

Original languageEnglish
Article number1250080
JournalAdvances in Complex Systems
Volume15
Issue number8
DOIs
Publication statusPublished - Dec 2012

Keywords

  • Agent-based model
  • cellular automata
  • word of mouth marketing

ASJC Scopus subject areas

  • Control and Systems Engineering

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