Article ID: | iaor20082229 |
Country: | United States |
Volume: | 26 |
Issue: | 1 |
Start Page Number: | 130 |
End Page Number: | 141 |
Publication Date: | Jan 2007 |
Journal: | Marketing Science |
Authors: | Chessa Antonio G., Murre Jaap M.J. |
Keywords: | advertising |
We introduce a new (point process) model of learning and forgetting, inspired by the structures of the brain, that we apply to model long-term memory for advertising and brand name recall. Recall-probability functions derived from the model are tested with classic data by Zielske, as well as advertisement content and brand name recall data of a Dutch study that tracked over 40 campaigns of TV commercials. Data fits and cross-validation results indicate that the recall functions serve as a good first approximation for aggregate behavior. The shapes of optimal GRP schedules, which are obtained by maximizing a recall measure, are strongly related to the model parameters and corresponding memory processes. Comparisons with existing models in the literature indicate that a neurobiologically motivated model may give a more realistic description of memory for advertisements.