Learning from our mistakes: Consumers won't be deceived twice
Monday, February 23, 2009 - 17:58
in Mathematics & Economics
Sometimes a high price tag, a label, or an ingredient can lead us to believe that we're purchasing a high-quality item. But what happens if the attribute that attracted us to the product is false or meaningless? A new study in the Journal of Consumer Research examines consumer responses to "biasing cues," features that consumers assume are related to the quality of the item.