I like what I know: Is recognition a non-compensatory determiner of consumer choice?

Journal Title: Judgment and Decision Making - Year 2010, Vol 5, Issue 4

Abstract

What is the role of recognition in consumer choice? The recognition heuristic (RH) proposes that in situations where recognition is correlated with a decision criterion, recognized objects will be chosen more often than unrecognized ones, regardless of any other relevant information available about the recognized object. Past research has investigated this non-compensatory decision heuristic in inference. Here we report two experiments on preference using a naturalistic consumer choice task. Results revealed that, although recognition was a powerful driver of preferences, it was used in a compensatory rather than a non-compensatory way. Specifically, additional information learned about recognized brand objects significantly affected choices. It appears that recognition is processed in a compensatory manner and combined with other attributes in preferential choice.

Authors and Affiliations

Onvara Oeusoonthornwattana and David R. Shanks

Keywords

Related Articles

Moral investing: Psychological motivations and implications

In four experiments we showed that investors are not only interested in maximizing returns but have non-financial goals, too. We considered what drives the decision to invest ethically and the impact this strategy has on...

Towards an understanding of the relative strengths of positive and negative reciprocity

Scholars in economics and psychology have created a large literature studying reward, punishment and reciprocity. Labor markets constitute a popular application of this body of work, with particular emphasis on how recip...

The role of character strengths in economic decision-making

We aggregated data from 28 studies (total N=13,386) to assess the relationship between individual differences in character strengths, as described by the VIA model of character, and economically-relevant behaviors and co...

American’s desire for less wealth inequality does not depend on how you ask them

A large body of survey research offers evidence that citizens are not always fully aware of the economic and political realities in their respective countries. Norton and Ariely (2011) extended this research to the domai...

Deliberation versus automaticity in decision making: Which presentation format features facilitate automatic decision making?

The idea of automatic decision making approximating normatively optimal decisions without necessitating much cognitive effort is intriguing. Whereas recent findings support the notion that such fast, automatic processes...

Download PDF file
  • EP ID EP677747
  • DOI -
  • Views 136
  • Downloads 0

How To Cite

Onvara Oeusoonthornwattana and David R. Shanks (2010). I like what I know: Is recognition a non-compensatory determiner of consumer choice?. Judgment and Decision Making, 5(4), -. https://europub.co.uk/articles/-A-677747