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The Risk of Misinforming for Competing Messages
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Copyright:
2024
Pages:
10
Source title:
Quantitative Measures and Warranty Coverage of the Risk of Misinforming
Source Author(s)/Editor(s):
Dimitar Grozdanov Christozov
(American University in Bulgaria, Bulgaria)
DOI:
10.4018/978-1-6684-8800-3.ch009
Keywords:
Communications Theory
/
Information Science Reference
/
Information Value & Quality
/
Library & Information Science
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The Risk of Misinforming for Competing Messages
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Abstract
This chapter makes a next step toward developing the model for evaluating the risk of misinforming in more realistic settings. The market case, described by 1:N topology, explored in the first chapters of this part of the book, is valid only in a monopoly dominated trading environment. The market is described typically with M:N communication topology. This chapter extends the model to the case of 2:N – the case of assessment of risk of wrong purchase decision when there are two competing products. As above the stress is on the design of a survey that may reveal clients' attitude.
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