Consumer Behavior in the Information Economy: Generation Z

How Information Changes Consumer Behavior and How Consumer Behavior Determines Corporate Strategy

Information availability has increased consumers’ informedness, the degree to which they know what is available in the marketplace, with precisely which attributes and at precisely what price. This informedness has altered the demand side of market behavior: customers now discount more heavily when comparable products are available from competitors and when products do not meet their wants, nee...

Art in the Information Economy

Economically, art has been viewed as a resource, a commodity, a process, a secondary good, a technology, and as capital. The role of art as a producer of and storage for cultural capital has historically been the most important for society as a whole. Today, however, the general stock of cultural capital is declining. Other trends in the current information economy include a greater appreciatio...

Information Behavior of Elites in the Search of Knowledge Requirement

Abstract: Information behavior is one of the important research fields in the knowledge management. It could be considered as an effective factor in design, development and evaluation of data mining applications. This paper introduces an approach called elite information behavior in response to educational and research evolutions. This research is quantitative and tries to investigate the diffe...

Hedonomics in Consumer Behavior

The Information Economy

One can imagine a future society in which natural resources are irrelevant and all that counts is information. I shall discuss this possibility, plus the role that algorithmic information theory might then play as a metatheory for the amount of information required to construct something.