How can retail LMS vendors help you?
Current design market – Patterns, colors, trends and looks will determine whether a specific rug is a must-have in today’s market. Needless to say, everybody has different tastes and the ultimate decision is just a very individual one. All markets are different as well. The American market, for example, concentrates on decorative pieces. We’re a society of beauty. We make our selections by colors and patterns. Other markets base their selection on quality. The European market for instance. Europeans can pay more for an antique rug centered on quality. Antique rugs such as an Oushak rug prices are greatly suffering from the pattern of the rug as well. As an example, all-over designed rugs vs. medallion rugs. All-over designed rugs are at least 30% higher priced that rugs that have a center design. In the American market everything must certanly be centered. We tend to pick rugs which may have center designs and attempt to perfectly align the rug in the space according to other furnishings. Rugs
In this case, and extrapolating it to the world of sweepstakes business, I think it is a component to take into account. I am completely convinced that you have also had intuitions at some point when betting.
Digging a little deeper into this information I have learned that science has investigated intuition. Scientists are beginning to show that intuition can be very effective. As much or even more than the more rational choice models.
One such scientist is Gerd Gigerenzer, director of the Center for Adaptive Behavior and Cognition at the Max Plank Institute. In one of his books, “Instinctive Decisions”, he explains it well. He claims that we make better decisions if we take into account only one reason than if we have ten.