Information rules: a strategic guide to the network economy
Information rules: a strategic guide to the network economy
Opening the "Black Box" of Network Externalities in Network Adoption
Information Systems Research
Should We Wait? Network Externalities, Compatibility, and Electronic Billing Adoption
Journal of Management Information Systems
Information Technology and Management
Journal of Management Information Systems
Journal of Management Information Systems
Electronic Commerce Research and Applications
Electronic Commerce Research and Applications
Information Technology and Management
Behaviour & Information Technology
Electronic Commerce Research and Applications
A Finite Mixture Logit Model to Segment and Predict Electronic Payments System Adoption
Information Systems Research
An Interdisciplinary Perspective on IT Services Management and Service Science
Journal of Management Information Systems
What drives global ICT adoption? Analysis and research directions
Electronic Commerce Research and Applications
Adaptive learning in service operations
Decision Support Systems
Resolving uncertainty and creating value from the exercise of e-commerce investment options
Information Systems Journal
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This study examines the potential applications of the rational expectations hypothesis (REH) and adaptive learning theory in IT investment and adoption decision-making. Despite the fact that rationality is commonly assumed in economic analyses, the REH's assumptions make it a unique theory and allow us to offer new perspectives on IS/IT adoption and investment decision-making. Our application of these theoretical perspectives to the IT adoption context--the first time in the IS literature to our knowledge that REH has been used to examine the mechanism for business value expectations formation--will allow us to treat the investment and adoption issues using a perspective that is based on a longer time horizon. Such settings require managers, as economic agents, to form a set of expectations about the values of various variables related to the business value of IT. Rational expectations and adaptive learning assume that decision-makers are able to utilize all available decision-relevant information efficiently and can learn the true value of a prospective investment over time. We present a number of propositions that characterize this perspective, and discuss some illustrative examples that demonstrate the efficacy of the theoretical perspective that we present to characterize the business value expectations formation process in IT adoption.