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New Research Uncovers Key to Consumer PreferencesStudy claims answers to why people buy one brand over another |
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August 20, 2008
New research in the Journal of Consumer Research reveals that a product's attractiveness can shift depending on the other choices that are available at the time. Authors Song-Oh Yoon of the Korea University Business School and Itamar Simonson of Stanford University demonstrate that if consumers perceive they're choosing the best item from a set of options, they are more likely to feel good enough about choosing the product again next time. "These findings show that the choice process and the configuration of the choice set have long-term effects on the strength, stability, and attribution of the resulting preferences and can even influence product satisfaction," the authors write. The research found that the configuration of the choice set mattered greatly when it came to creating consumer preference. In the studies, participants were presented with a number of products. The products were presented in three types of choice sets: asymmetric dominance, where one choice was clearly superior to the other two, compromise, or control, where two options were somewhat equivalent. After participants made choices, they rated the products and their satisfaction with their choices. In five different studies that shifted the products and choice sets, the researchers found that the strength of preference for one option over another can be affected by the context of the choice in ways people don't realize. "A pen selected from a set in which it asymmetrically dominated another pen produced a more positive writing experience and a greater willingness to pay for the pen than if the same pen was selected from a set in which it did not dominate another option," the authors said. Report Your Experience
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