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Drawing on construal level theory, this research proposes that consumers’ reliance on price (vs. feature-specific product attributes) for making quality inferences will be enhanced when the judgment is psychologically distant (vs. close). For example, the impact of price (attributes) on...
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This research examines how consumers use base rate (e.g., disease prevalence in a population) and case information (e.g., an individual’s disease symptoms) to estimate health risks. Drawing on construal level theory, we propose that consumers’ reliance on base rate (case information) will be...
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