Perception of Value User Experience (UX) topic overview/definition
Perception of Value: Concept Definition
The perceived value of a product or service is different to the cost of a product of service. In fact, value is perceived as a function of the benefits that a customer receives (both real and perceived) compared to the cost. Factors that influence the perception of value include the functional, monetary, social, and psychological values attributed to the product or service by the customer or user.
For your convenience, we’ve collected all UX literature that deals with Perception of Value. Here’s the full list:
How to Calculate Present and Future Value to Determine Value Over Time
If we were to give you $1,000 today or a promise to pay you $1,000 in one year’s time which would you choose? Well, assuming that you aren’t aware of a specific requirement to pay someone $1,000 in a year’s time and that you don’t think you can meet that obligation – you’re going to choose $1,000 today. That’s because $1,000 today is worth more ...
Customer and User Perception of Value and What it Means to Designers
Often we talk about value and we mean “financial value” a concept that can be measured in dollars and cents or pounds and pennies or whatever currency is near to hand. However, financial value is not the only motivating factor for users and consumers to invest in a product. In fact, it is the perception of value both financial and non-financial ...