본문 바로가기
KERD
논문KCI 등재

Effect of Adaption-level and Range-frequency on Subjective Judgment

0

조회

0

다운로드

0

인용

0

참고문헌

키워드

초록

This study intends to provide a better understanding of the cognitive representation of reference points, and how consumers formulate their reference levels in a judgment task. To approach this issue, the range theory, the range-frequency theory, and the adaptation-level theory are compared while manipulating the range and frequency of stimulus in a contextual set. This article comprises two studies that test the range effect and frequency effect. Study 1 examines the range effect on the attractiveness evaluated by subjects exposed to different ranges with the same number of stimuli in a context set. Study 2 examines the frequency effect on the attractiveness evaluated by subjects exposed to two context sets, each of which contains a different number of stimuli within identical ranges. In addition, we consider each prediction of subjective judgment using the range-frequency theory and the adaptation-level theory. The MANOVA results and the non-linear regression model fittings of the two studies reveal that the adaptation-level theory provides a sufficiently good cognitive representation of a reference point when subjects are simultaneously exposed to a series of stimuli. Furthermore, the adaptation-level outperformed the range effect as regards a consumer’s cognitive representation when the range is fixed, but the frequency varies within the context set.

Abstract

This study intends to provide a better understanding of the cognitive representation of reference points, and how consumers formulate their reference levels in a judgment task. To approach this issue, the range theory, the range-frequency theory, and the adaptation-level theory are compared while manipulating the range and frequency of stimulus in a contextual set. This article comprises two studies that test the range effect and frequency effect. Study 1 examines the range effect on the attractiveness evaluated by subjects exposed to different ranges with the same number of stimuli in a context set. Study 2 examines the frequency effect on the attractiveness evaluated by subjects exposed to two context sets, each of which contains a different number of stimuli within identical ranges. In addition, we consider each prediction of subjective judgment using the range-frequency theory and the adaptation-level theory. The MANOVA results and the non-linear regression model fittings of the two studies reveal that the adaptation-level theory provides a sufficiently good cognitive representation of a reference point when subjects are simultaneously exposed to a series of stimuli. Furthermore, the adaptation-level outperformed the range effect as regards a consumer’s cognitive representation when the range is fixed, but the frequency varies within the context set.

참고문헌 (32)

  1. Joseph W. Alba, "The Influence of Prior Beliefs, Frequency Cues, and Magnitude Cues on Consumers' Perceptions of Comparative Price Data", Journal of Consumer Research, 21(2), pp.219~235 (1994), Oxford University Press (OUP)[DOI]
  2. Joseph W. Alba, "The Effect of Discount Frequency and Depth on Consumer Price Judgments", Journal of Consumer Research, 26(2), pp.99~114 (1999), Oxford University Press (OUP)[DOI]
  3. James R. Bettman, "Constructive Consumer Choice Processes", Journal of Consumer Research, 25(3), pp.187~217 (1998), Oxford University Press (OUP)[DOI]
  4. Blattberg, Robert C., "How Promotions Work", Marketing Science, 14(3), pp.122~132 (1995)
  5. Hernan A. Bruno, "Role of Reference Price on Price and Quantity: Insights from Business-to-Business Markets", Journal of Marketing Research, 49(5), pp.640~654 (2012), SAGE Publications[DOI]
  6. Shai Danziger, "The effects of informative and non-informative price patterns on consumer price judgments", Psychology and Marketing, 23(6), pp.535~553 (2006), Wiley[DOI]
  7. Dhar, Ravi, "Context and Task Effects On Choice Deferral", Marketing Letters, 8(1), pp.119~130 (1997)
  8. Dhar, Ravi, "The Effect of Time Pressure On Consumer Choice Deferral", Journal of Consumer Research, 25(4), pp.369~384 (1999)
  9. Erdem, Tülin, "A Simple Test for Distinguishing Between Internal and External Reference Price Theories", Quantitative Marketing and Economics, 8(3), pp.303~332 (2010)
  10. Sunil Gupta, "Impact of Sales Promotions on When, What, and How Much to Buy", Journal of Marketing Research, 25(4), pp.342~355 (1988), JSTOR[DOI]
  11. Harry Helson, "Adaptation-Level as Frame of Reference for Prediction of Psychophysical Data", The American Journal of Psychology, 60(1), pp.1~ (1947), JSTOR[DOI]
  12. Helson, Harry, "Adaptation-Level Theory: An Experimental and Systematic Approach to Behavior" (1964), Harper & Row
  13. Douglas L. Hintzman, "Differential forgetting of prototypes and old instances: Simulation by an exemplar-based classification model", Memory & Cognition, 8(4), pp.378~382 (1980), Springer Science and Business Media LLC[DOI]
  14. Chris Janiszewski, "A Range Theory Account of Price Perception", Journal of Consumer Research, 25(4), pp.353~368 (1999), Oxford University Press (OUP)[DOI]
  15. Daniel Kahneman, "Prospect Theory: An Analysis of Decision under Risk", Econometrica, 47(2), pp.263~292 (1979), JSTOR[DOI]
  16. Manohar U. Kalwani, "Consumer Price and Promotion Expectations: An Experimental Study", Journal of Marketing Research, 29(1), pp.90~ (1992), JSTOR[DOI]
  17. Gurumurthy Kalyanaram, "Empirical Generalizations from Reference Price Research", Marketing Science, 14(3_supplement), pp.G161~G169 (1995), Institute for Operations Research and the Management Sciences (INFORMS)[DOI]
  18. Christina Kan, "Strengthening the Influence of Advertised Reference Prices through Information Priming", Journal of Consumer Research, 40(6), pp.1078~1096 (2014), Oxford University Press (OUP)[DOI]
  19. Tridib Mazumdar, "An Investigation of Reference Price Segments", Journal of Marketing Research, 37(2), pp.246~258 (2018), SAGE Publications[DOI]
  20. Douglas L. Medin, "Given versus induced category representations: Use of prototype and exemplar information in classification.", Journal of Experimental Psychology: Learning, Memory, and Cognition, 10(3), pp.333~352 (1984), American Psychological Association (APA)[DOI]
  21. Douglas L. Medin, "Context theory of classification learning.", Psychological Review, 85(3), pp.207~238 (1978), American Psychological Association (APA)[DOI]
  22. Monroe, K. B., "Pricing: Making Profitable Decision" (1990), Mcgraw-Hill
  23. Douglas G. Mook, "In defense of external invalidity.", American Psychologist, 38(4), pp.379~387 (1983), American Psychological Association (APA)[DOI]
  24. Ronald W. Niedrich, "Reference Price and Price Perceptions: A Comparison of Alternative Models", Journal of Consumer Research, 28(3), pp.339~354 (2001), Oxford University Press (OUP)[DOI]
  25. Parducci, A, "Category Judgment: A Range-Frequency Model", Psychological Review, 72(6), pp.407~418 (1965)[DOI]
  26. Shah, A. M., "Buying Behavior as A Function of Parametric Variation of Number of Choices", Psychological Science, 18(5), pp.369~370 (2007)
  27. Kwanho Suk, "The Effect of Reference Point Diagnosticity on Attractiveness and Intentions Ratings", Journal of Marketing Research, 47(5), pp.983~995 (2010), SAGE Publications[DOI]
  28. Richard Thaler, "Mental Accounting and Consumer Choice", Marketing Science, 4(3), pp.199~214 (1985), Institute for Operations Research and the Management Sciences (INFORMS)[DOI]
  29. Volkmann, J., "Social Psychology at The Crossroads", pp.273~294 (1951), Harper & Row
  30. Douglas H. Wedell, "Contrast effects in paired comparisons: Evidence for both stimulus-based and response-based processes.", Journal of Experimental Psychology: Human Perception and Performance, 21(5), pp.1158~1173 (1995), American Psychological Association (APA)[DOI]
  31. Douglas H. Wedell, "Reducing the dependence of clinical judgment on the immediate context: Effects of number of categories and type of anchors.", Journal of Personality and Social Psychology, 58(2), pp.319~329 (1990), American Psychological Association (APA)[DOI]
  32. Winer, R. S., "Issues in Pricing: Theory and Research" (1988), Lexington

관련 논문AI추천

이 간행물의 다른 논문 (4건)