In-store slack: Consumers often plan for unplanned purchases
Thursday, May 6, 2010 - 16:50
in Mathematics & Economics
Straying from the grocery list can yield some surprises in your shopping cart, but not necessarily in your wallet, according to University of Pittsburgh researchers and a coresearcher from Baylor University who have coauthored a new study. The researchers found that shoppers often expect to buy a certain number of unplanned items, and most have a fairly accurate estimate as to how much they will spend on them. The study's coauthors use the term "in-store slack" to describe the room shoppers leave in their budget for unplanned purchases.