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The standard economic model of decision making assumes a decision maker makes her choices to maximize her utility or happiness. Her current emotional state is not explicitly considered. Yet there is a large psychological literature that shows that current emotional state, in particular positive...
Persistent link: https://www.econbiz.de/10005699397
Persistent link: https://www.econbiz.de/10001450599
The standard economic model of decision making assumes a decision maker makes her choices to maximize her utility or happiness. Her current emotional state is not explicitly considered. Yet there is a large psychological literature that shows that current emotional state, in particular positive...
Persistent link: https://www.econbiz.de/10014041535
Persistent link: https://www.econbiz.de/10003703893
Persistent link: https://www.econbiz.de/10003716195
This article extends the discussion of congruity or the preference by consumers for alternatives similar to themselves 1) by examining the effect in a retail context and, 2) by considering the moderating role of self-monitoring, or the tendency to regulate one's mood in line with the social...
Persistent link: https://www.econbiz.de/10011426004
Persistent link: https://www.econbiz.de/10011426031
This article presents an introduction to and analysis of an emerging area of research, namely decision neuroscience, whose goal is to integrate research in neuroscience and behavioral decision making. The article includes an exposition of (1) how the exponential accumulation of knowledge in...
Persistent link: https://www.econbiz.de/10014197872
Credit cards are one of the most common forms of credit offered to consumers and one in which information is highly standardized through mandated disclosures. Three experiments examine the effects of affect inductions (mild positive or anxious affect) on the use of credit card disclosure...
Persistent link: https://www.econbiz.de/10013153074
Results from two studies show that positive affect reduces the negative consequences of choice overload on the consumer choice experience and on satisfaction with the chosen option. In study 1, these effects were observed in an on-line consumer choice setting. Study 2 was conducted in the...
Persistent link: https://www.econbiz.de/10013158308