Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
884981 | Journal of Economic Psychology | 2012 | 16 Pages |
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.