Time versus money? Placing a value on buyer's remorse
Tuesday, March 11, 2014 - 10:03
in Mathematics & Economics
From a product's price to its convenience, ease of use, and number of overall features, many factors play into getting the most "bang for your buck." According to a new study in the Journal of Consumer Research, when it comes to weighing tradeoffs, selecting something more expensive based on perceived value might lead to buyer's remorse in the long run.