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It has been widely documented that fluency (ease of information processing) enhances evaluation. We propose and demonstrate in three experiments that this is not the case when people construe objects abstractly rather than concretely. Specifically, we find that priming people to think abstractly...
Persistent link: https://www.econbiz.de/10014191231
Through five experiments, we provide a cognitive account of when and why nine-ending prices are perceived to be smaller than a price one cent higher. First, this occurs only when the leftmost digits of the prices differ (e.g., $2.99 vs. $3.00). Second, the left-digit effect also depends on the...
Persistent link: https://www.econbiz.de/10005834778
Consumers' budgets are influenced by the temporal frame used for the budget period. Budgets planned for the next month are much lower than recorded expenses, while those for the next year are closer to recorded expenses (study 1). The difficulty of estimating budgets for the next year imparts...
Persistent link: https://www.econbiz.de/10005735767
We examine two questions: Does the roundness or precision of prices bias magnitude judgments? If so, do these biased judgments affect buyer behavior? Results from five studies suggest that buyers underestimate the magnitudes of precise prices. We term this the precision effect. The first three...
Persistent link: https://www.econbiz.de/10008788068
Purpose This paper aims to examine the realities of food deserts and the vulnerable populations in urban areas in the USA; review underlying causes of these realities; and propose a set of solutions to address challenges facing vulnerable populations living in urban food deserts....
Persistent link: https://www.econbiz.de/10014795980
Persistent link: https://www.econbiz.de/10014635449