Does Emotion Affect People’s Decision-Making: Evidence from an Experimental Study

Author(s):  
Xinyu Zhu
2016 ◽  
Vol 128 ◽  
pp. 132-142 ◽  
Author(s):  
Paz Arroyo ◽  
Camila Fuenzalida ◽  
Alex Albert ◽  
Matthew R. Hallowell

Author(s):  
Rishika Rishika ◽  
Sven Feurer ◽  
Kelly L Haws

Abstract Licensing is a well-documented form of justifying individual indulgent choices, but less is known about how licensing affects food decision-making patterns over time. Accordingly, we examine whether consumers incorporate licensing strategically and deliberately in their long-term consumption patterns and identify reward programs as a context in which strategic licensing is likely to occur. We propose that members with lower-calorie consumption patterns strategically indulge more on reward purchase occasions, and that forethought is required for such an effect to occur. A longitudinal study analyzing 272,677 real food purchases made by 7,828 consumers over a 14-month period provides striking evidence of our key proposition. An exploration of the inter-purchase time-related aspect of purchase acceleration suggests that forethought on behalf of consumers is necessary for strategic licensing to occur. A subsequent experimental study (N = 605) comprising five consecutive choice occasions provides additional evidence of forethought by demonstrating that strategic licensing occurs only when expected (but not windfall reward) occasions are involved, and by showing that anticipated negative affect for not indulging is the driving mechanism. We conclude with a discussion of the implications of our results for consumers, managers, and public policy makers.


2021 ◽  
Author(s):  
Andrea Kampmann

Risk management is confronted with a changing risk environment as both more complex and new risk factors, so-called unknown-unknowns, are arising. To address these developments effectively and to have an impact on critical decision-making processes in companies, this discipline needs to advance. Soft factors—such as communication—are seen as effective levers in this context. This book deals with the potential offered by the communication form storytelling for risk management. In a conceptual study, the author outlines different ways of applying storytelling in risk management. In an experimental study, she analyses and elaborates the advantages of storytelling over purely numerical forms of communication in the same field.


2020 ◽  
Vol 9 (2) ◽  
pp. 57-69
Author(s):  
Onna Brewer ◽  
Orhan Erdem

Present bias—difficulty resisting instant gratification over a future and larger reward (also called delay discounting)—has been associated with various suboptimal behaviors and health outcomes. Several methods have been proposed to produce reductions in this bias and promote self-control. In this randomized experimental study of 137 undergraduate college students, the authors examined the effect of a 10-minute values clarification writing exercise on present bias in a monetary decision-making task compared with a neutral writing activity. While participants in the values clarification condition showed less present-biased behavior, this finding was not statistically significant at the .05 level. Thus, they place emphasis on implications for future research and practice with the aims of reducing present bias and building better communities.


1968 ◽  
Vol 5 (3) ◽  
pp. 307-310 ◽  
Author(s):  
Jagdish N. Sheth ◽  
M. Venkatesan

This experimental study of consumer decision making over time explored risk-reduction processes of information seeking, prepurchase deliberation, and brand loyalty. Perceived risk was manipulated by creating low-risk and high-risk groups. The task was to choose among brands of hair spray. Results showed that information seeking and prepurchase deliberation declined over time and brand loyalty increased over time.


Sign in / Sign up

Export Citation Format

Share Document