A Selective Hypothesis Testing Perspective on Price‐Quality Inference and Inference‐Based Choice

Journal of Consumer Psychology - Tập 15 - Trang 159-169 - 2005
Maria L. Cronley1, Steven S. Posavac2, Tracy Meyer3, Frank R. Kardes3, James J. Kellaris3
1Miami University
2University of Rochester
3University of Cincinnati

Tóm tắt

Consumers often rely heavily on price as a predictor of quality and typically overestimate the strength of this relation. Furthermore, the inferences of quality they make on the basis of price can influence their actual purchase decisions. Selective hypothesis testing appears to underlie the effects of information load and format on price–quality inferences. Results of 5 experiments converge on the conclusion that quality inferences are more heavily influenced by price when individuals have a high need for cognitive closure, when the amount of information presented is high (vs. low), and when the information presented is rank ordered in terms of quality rather than presented randomly. Furthermore, because consumers are willing to purchase more expensive brands when they perceive a high price–quality correlation, these variables can also influence their purchase decisions.

Tài liệu tham khảo

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Thông tin xuất bản

Journal of Consumer Psychology

Tập 15

159-169

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