Heuristic and Systematic Information Processing when Valuating multiple Gains and Losses
Type
conference paper
Date Issued
2006-10-01
Author(s)
Abstract
Based on prospect theory (Kahneman & Tversky, 1979) individuals are predicted to violate simple economic principles when evaluating consolidated versus segregated gains and losses (Thaler, 1985). Resting on the heuristic-systematic model of information processing (Chaiken, 1987) this paper attempts to enhance our understanding of the motivational and cognitive underpinnings of these evaluations. We predict that valuations of multiple gains and losses are influenced by the mode of information processing (systematic versus heuristic) and the prevailing motivation (high versus low accuracy motivation). The predictions were partly confirmed in an experimental study.
Language
English
HSG Classification
not classified
Refereed
No
Book title
NA - Advances in Consumer Research
Volume
Volume 34
Start page
441
End page
450
Event Title
Association for Consumer Research (ACR) North America Conference 2006
Event Location
Orlando, FL
Event Date
28.09.-01.10.2006
Subject(s)
Division(s)
Eprints ID
31111