The 'herd effect' in the consumption of leisure time: 'dolce far niente' or when 'having a good time' becomes an obligation

Authors

  • Sergio A. Berumen Profesor titular de la Universidad Rey Juan Carlos (España)

DOI:

https://doi.org/10.51302/marketing.2019.678

Keywords:

herd effect, leisure time consumption, young people, behavioral economy, neuro-marketing

Abstract

This research focuses on the 'herd effect' of the decisions made by young people (between 19 and 24 years old) in the leisure time consumption in Madrid, in order to find out to which extent it is a result of the social pressure that they are exposed to or, in the other case, if it obeys to a real desire of having a good time. The field work was carried out through the application of a test elaborated specifically for that purpose; this test was filled out by a wide number of university students coming from the Madrid area: two public universities and three private universities. The method use is the Analytic Hierarchy Process (AHP) due to the advantages it presents to fragment in different criteria the specific characteristics and/or attributes and to recognize how they influence each other and inside on the outcome. The results acknowledge that, in effect, a very high proportion in the leisure time consumption responds to the pressure of the 'herd effect' even though, on the other hand, the level of final satisfaction is extremely relative.

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Published

2019-02-07

How to Cite

Berumen, S. A. (2019). The ’herd effect’ in the consumption of leisure time: ’dolce far niente’ or when ’having a good time’ becomes an obligation. Revista De Marketing Y Publicidad, 1(1), 139–170. https://doi.org/10.51302/marketing.2019.678