Social Change How Influences Consumer Purchase Choice - Softcover

John Lok

Softcover

ISBN 13: 9798889091325

Publisher: Notion Press, 2022

Synopsis

The Role of Artificial Intelligence in Predicting Economic Behavior

A central theme in my recent scholarship, particularly in A New View Of Technology Development And Economic Growth, is the capacity for AI to predict economic cycles and, by extension, individual consumer trends. My view asks whether human agents can apply AI technology to predict economic growth or recession, noting that such predictions fundamentally alter how consumers spend and save. If an AI tool predicts a recession, the "behavioral" response of the consumer—driven by fear or prudence—becomes a self-fulfilling prophecy that influences purchase choices across entire industries. My view suggests that the accuracy of these technological tools is becoming a primary driver of organizational performance, as firms that can better predict these behavioral shifts can tailor their marketing to "solve" the consumer's perceived needs more effectively than competitors

Edition details

• Publisher: Notion Press
• Publication date: 2022
• Language: English
• ISBN 13: 9798889091325
• Binding: Paperback
• Number of pages: 318