Erratum to: Quant Mark Econ

DOI 10.1007/s11129-015-9159-9

The author would like to note an error in Figure 5 on page 19 of this paper. The error is in the top–left panel of the figure. The corrected Figure is shown below. The difference between the figure in the paper and the correct one is not statistically significant. Further, the error does not change the statistical inferences drawn from the figure. This error was made while producing this figure and does not carry over to any other part of the paper.

This figure shows the mean chance of visiting the experimental advertiser’s page in sessions 2 (V i s i t 2) and 3 (V i s i t 3), split by the time gap between the first two sessions (d a y s 1−2). The sample is further grouped by the number of experimental ad exposures an individual gets in session 2 (n E x p 2). The bars on the top-left in Fig. 5 show the contemporaneous effect of n E x p 2 (on V i s i t 2). From left to right, as n E x p 2 increases, the mean V i s i t 2 increases from about 1.5 % when n E x p 2=0, to about 5 % when n E x p 2 ≥ 3. This increase is statistically significant. The bars on the top-right show that such effect occurs irrespective of the spacing (d a y s 1−2) between the first two sessions. The graphs in the bottom row of the figure show the carryover effects of n E x p 2, the corresponding probabilities of visit in session 3. A comparison of the bars on the top-left and the bottom-left shows that the effect of increasing n E x p 2 decays from the second to the third session. When n E x p 2 ≥ 3 and d a y s 1−2 ≤ 7, the chance of a visit decreases from 5 % in session 2, to 2 % in session 3 (p-val < 0.05). However, (comparing bars on the top-right and bottom-right) when n E x p 2 ≥ 3 and d a y s 1−2 > 7, there is no significant drop; the probability of a visit remains around 4 % in both the sessions.

Fig. 5
figure 5

Mean chance of visiting the advertised restaurant’s page in the second and the third sessions, split by time gap between the first two sessions (d a y s 1−2), and the number of exposures to the experimental ad in the second session. The error bars show 90 % confidence intervals for the means