How taking a bit longer to do your shopping might save you money.
To what extent can shoppers convert the time they spend looking for particular products into monetary savings? Using electronic tags to study the behavior of 12,000 consumers in a large supermarket in Northern California, Fabio Pinna and Stephan Seiler find that consumers can save up to $11 per shopping trip just by searching longer for products.
Most of us are […]
Wikipedia’s open content production platform creates significant spillover benefits that encourage users to contribute further.
Wikipedia’s open content production platform creates significant spillover benefits that encourage users to contribute further.
Many organisations are developing open platforms to create, store and share knowledge. Aleksi Aaltonen and Stephan Seiler analyse editing data by Wikipedia users to show how content creation by individuals generates significant ‘spillover’ benefits, encouraging others to contribute to the collective process of knowledge production.
Facebook, YouTube, Twitter and Wikipedia are among the world’s most popular websites – and all […]