L7 Flashcards
research problem vs decision problem?
Research problem is about what information is needed.
Decision problem is about what do we do?
Exploratory research and its advantages+disadvantages
exploratory research is where data without a specific research hypothesis is researched.
Advantages: flexibility, generating hypotheses, and uncovers unknowns, low cost
Disadvantages: lacks generalizability, subjective results, limited structure, and not confirmatory
Confirmatory research and advantages + dis
confirmatory research tests a research hypothesis between an independent variable and dependent variable.
Advantages: structured design, hypothesis testing, and efficiency
Disadvantages: correlation and no causality, self-report(intention-behavior gap), sampling bias, and design
what is needed when making a theoretical hypothesis?
- direction of effect
- significance
what is internal and external validity?
internal validity is on if there is enough evidence to support the hypothesis
external validity is on whether the evidence is generalizablew
what limitations are there on internal validity?
partiicpants are not incentivized to respond truthfully, unable to infer causality
what limitations are there for external validity?
- sampling bias like self selection. To reduce it, its how you recruit people.
- intention behaviour gap (self report)
- limited context like only one country or brand