HEURISTICS AS A TOOL FOR RESEARCHING INNOVATIVE SOLUTIONS IN DIGITAL COMMERCE

Keywords: heuristics, digital commerce, innovative solutions, digital platforms, choice architecture, consumer behaviou, platform monetisation

Abstract

The article examines the essence and potential applications of heuristics as a tool for identifying and substantiating innovative solutions in digital commerce. The study aims to determine the relationship between consumers’ heuristic decision-making rules, choice architecture, and the directions of digital platform innovation. Its theoretical framework draws on behavioural economics, bounded rationality theory, and the concept of choice architecture. The research methodology combines comparative analysis, synthesis, systematisation, and the interpretation of corporate reporting indicators. The importance of heuristics for analysing product searches, recommendation systems, digital advertising, personalised offers, and payment methods is demonstrated. Digital platforms are shown to transform consumer behavioural signals into information resources for improving interfaces, payment services, logistics, and interactions with sellers. A platform monetisation coefficient and a heuristic–innovation profile of an enterprise are proposed to compare revenue-generation models and the application of behavioural mechanisms. The empirical basis of the study comprises publicly available corporate data from Amazon, Shopify, eBay, Etsy, Alibaba, and Mercado Libre. Gross merchandise value (GMV), revenue, advertising income, the number of active buyers, subscriptions, and digital services are compared. The findings indicate that innovations in digital commerce are directly associated with the formation of consumer choice architecture. Social proof, the anchoring effect, information availability, scarcity, and personal relevance exert the most significant influence. Attention is also given to distinguishing beneficial consumer nudges from manipulative digital interface design. The practical value of the findings lies in their potential application to evaluating and improving innovative solutions developed by digital commerce platforms. Further research should assess the effects of individual heuristic stimuli using transaction-level, user-session, and shopping-cart data.

References

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Simon, H. A. (1955). A behavioral model of rational choice. The Quarterly Journal of Economics, no.69(1), pp.99–118. DOI: https://doi.org/10.2307/1884852

Tversky, A., & Kahneman, D. (1974). Judgment under uncertainty: Heuristics and biases. Science, no.185(4157), pp.1124–1131. DOI: https://doi.org/10.1126/science.185.4157.1124

Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, no.47(2), pp.263–291. DOI: https://doi.org/10.2307/1914185

Thaler, R. H. (1985). Mental accounting and consumer choice. Marketing Science, no.4(3), pp.199–214. DOI: https://doi.org/10.1287/mksc.4.3.199

Kahneman, D., Knetsch, J. L., & Thaler, R. H. (1991). Anomalies: The endowment effect, loss aversion, and status quo bias. Journal of Economic Perspectives, no.5(1), pp.193–206. DOI: https://doi.org/10.1257/jep.5.1.193

Gigerenzer, G., & Gaissmaier, W. (2011). Heuristic decision making. Annual Review of Psychology, no.62, pp.451–482. DOI: https://doi.org/10.1146/annurev-psych-120709-145346

Payne, J. W., Bettman, J. R., & Johnson, E. J. (1993). The adaptive decision maker. Cambridge University Press. DOI: https://doi.org/10.1017/CBO9781139173933

Cialdini, R. B. (2009). Influence: Science and practice. Pearson Education. Available at: https://www.pearson.com/en-us/subject-catalog/p/influence-science-and-practice/P200000003282 (accessed July 24, 2026)

Thaler, R. H., & Sunstein, C. R. (2008). Nudge: Improving decisions about health, wealth, and happiness. Yale University Press. Available at: https://yalebooks.yale.edu/book/9780300122237/nudge/ (accessed July 22, 2026)

Johnson, E. J., Shu, S. B., Dellaert, B. G. C., Fox, C., Goldstein, D. G., Häubl, G., Larrick, R. P., Payne, J. W., Peters, E., Schkade, D., Wansink, B., & Weber, E. U. (2012). Beyond nudges: Tools of a choice architecture. Marketing Letters, no.23, pp.487–504. DOI: https://doi.org/10.1007/s11002-012-9186-1

Simonson, I. (1989). Choice based on reasons: The case of attraction and compromise effects. Journal of Consumer Research, no.16(2), pp.158–174. DOI: https://doi.org/10.1086/209205

Huber, J., Payne, J. W., & Puto, C. (1982). Adding asymmetrically dominated alternatives. Journal of Consumer Research, no.9(1), pp.90–98. DOI: https://doi.org/10.1086/208899

Iyengar, S. S., & Lepper, M. R. (2000). When choice is demotivating. Journal of Personality and Social Psychology, no.79(6), pp.995–1006. DOI: https://doi.org/10.1037/0022-3514.79.6.995

Schwartz, B. (2004). The paradox of choice: Why more is less. Harper Perennial. Available at: https://www.harpercollins.com/products/the-paradox-of-choice-barry-schwartz (accessed July 25, 2026)

Camerer, C. F. (2003). Behavioral game theory: Experiments in strategic interaction. Princeton University Press. Available at: https://press.princeton.edu/books/paperback/9780691090399/behavioral-game-theory (accessed July 24, 2026)

DellaVigna, S. (2009). Psychology and economics: Evidence from the field. Journal of Economic Literature, no.47(2), pp.315–372. DOI: https://doi.org/10.1257/jel.47.2.315

Grewal, D., Roggeveen, A. L., & Nordfält, J. (2017). The future of retailing. Journal of Retailing, no.93(1), pp.1–6. DOI: https://doi.org/10.1016/j.jretai.2016.12.008

Verhoef, P. C., Kannan, P. K., & Inman, J. J. (2015). From multi-channel retailing to omni-channel retailing. Journal of Retailing, no.91(2), pp.174–181. DOI: https://doi.org/10.1016/j.jretai.2015.02.005

Brynjolfsson, E., Hu, Y., & Rahman, M. S. (2013). Competing in the age of omnichannel retailing. MIT Sloan Management Review, no.54(4), pp.23–29. Available at: https://sloanreview.mit.edu/article/competing-in-the-age-of-omnichannel-retailing/ (accessed July 28, 2026)

Athey, S., & Imbens, G. W. (2019). Machine learning methods that economists should know about. Annual Review of Economics, no.11, pp.685–725. DOI: https://doi.org/10.1146/annurev-economics-080217-053433

Dhar, R., & Wertenbroch, K. (2000). Consumer choice between hedonic and utilitarian goods. Journal of Marketing Research, no.37(1), pp.60–71. DOI: https://doi.org/10.1509/jmkr.37.1.60.18718

Häubl, G., & Trifts, V. (2000). Consumer decision making in online shopping environments. Marketing Science, no.19(1), pp.4–21. DOI: https://doi.org/10.1287/mksc.19.1.4.15178

Dash, A., Chakraborty, A., Ghosh, S., Mukherjee, A., & Gummadi, K. P. (2024). Investigating nudges toward related sellers on e-commerce marketplaces: A case study on Amazon. arXiv. DOI: https://arxiv.org/abs/2407.01732

Amazon.com, Inc. (2025). Form 10-K for the fiscal year ended December 31, 2024. U.S. Securities and Exchange Commission. Available at: https://www.sec.gov/Archives/edgar/data/1018724/000101872425000004/amzn-20241231.htm

Shopify Inc. (2025). Form 10-K for the fiscal year ended December 31, 2024. U.S. Securities and Exchange Commission. Available at: https://www.sec.gov/Archives/edgar/data/1594805/000159480525000012/shop-20241231.htm

eBay Inc. (2025). Form 10-K for the fiscal year ended December 31, 2024. U.S. Securities and Exchange Commission. Available at: https://www.sec.gov/Archives/edgar/data/1065088/000106508825000037/ebay-20241231.htm

Etsy, Inc. (2025). Etsy, Inc. reports fourth quarter and full year 2024 results. Available at: https://investors.etsy.com/news-events/press-releases/detail/13/etsy-inc-reports-fourth-quarter-and-full-year-2024-results

Alibaba Group Holding Limited. (2025). Alibaba Group announces March quarter 2025 and fiscal year 2025 results. Business Wire. Available at: https://www.businesswire.com/news/home/20250514856295/en/Alibaba-Group-Announces-March-Quarter-2025-and-Fiscal-Year-2025-Results

MercadoLibre, Inc. (2025). Mercado Libre delivers stellar Q4 2024 with net revenue of $6.1 billion and net income of $639 million. GlobeNewswire. Available at: https://www.nasdaq.com/press-release/mercado-libre-delivers-stellar-q4-2024-net-revenue-61-billion-and-net-income-639

Article views: 15
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Published
2026-11-02
How to Cite
KnіazS., Rusyn-Hrynyk, R., & Fedina, Y. (2026). HEURISTICS AS A TOOL FOR RESEARCHING INNOVATIVE SOLUTIONS IN DIGITAL COMMERCE. Economy and Society, (92). https://doi.org/10.32782/2524-0072/2026-92-9

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