What really matters in attraction effect research: when choices have economic consequences

Title: What really matters in attraction effect research: when choices have economic consequences
Creator: Lichters, Marcel; Bengart, Paul; Sarstedt, Marko; Vogt, Bodo
Relation: Marketing Letters Vol. 28, Issue 1, p. 127-138
Publisher Link: http://dx.doi.org/10.1007/s11002-015-9394-6
Publisher: Springer
Resource Type: journal article
Date: 2017
Description: Researchers have recently strongly questioned the robustness of the attraction effect, according to which adding a decoy option to an existing choice set affects consumers' choice behavior. Tying in with this debate, we identify the persistent use of hypothetical choices in the domain to be a major shortcoming in attraction effect research. In an experiment on the attraction effect with a realistic choice setting that fosters external validity, we manipulate the choice framing by contrasting hypothetical choices with binding choices that entail economic consequences. We find the attraction effect to be much stronger when decisions are binding, underlining the effect's usefulness as a marketing tool.
Subject: asymmetrical dominance; attraction effect; context effect; no-buy option; real payments
Identifier: http://hdl.handle.net/1959.13/1386445
Identifier: uon:32420
Identifier: ISSN:0923-0645
Language: eng
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