Article ID Journal Published Year Pages File Type
884981 Journal of Economic Psychology 2012 16 Pages PDF
Abstract

Although previous studies of consumer choice have found that common features of alternatives are cancelled and that choices are based only on unique features, a recent study has suggested that common features are canceled only when they are irrelevant in regard to all unique features. The present study hypothesized that the role of a common feature in consumer choice depends on its quantity as well as its quality. Experiments 1 and 2 tested this hypothesis and the equate-to-differentiate account by varying the quality and the quantity of common features. Experiment 3 examined the cognitive process that was proposed to serve as the mechanism for the common feature effect using eye-tracking methodology. This study provided further insight into conditions when the cancellation-and-focus model applies. Study results revealed an attribute-based tradeoff process underlying multiple-attribute decision making, and suggested an avenue through which marketers might influence consumer choices.

► We model the effect of common feature on choice as a reevaluation-and-change process. ► We propose the quantity of common features as the determinant of the change process. ► We reason not all relevant common features affect choices, depending on the quantity. ► We test our hypotheses by analyzing both self-reported data and eye movement data. ► We provide further insight into conditions when cancellation-and-focus model applies.

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Social Sciences and Humanities Business, Management and Accounting Marketing
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