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Time Will Tell: The Distant Appeal of Promotion and Imminent Appeal of Prevention

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Author Info
Mogilner, Cassie (Stanford U)
Aaker, Jennifer L. (U of California, Berkeley)
Pennington, Ginger L. (U of Chicago)
Abstract

What types of products are preferred when the purchase is immediate versus off in the distant future? Three experiments address this question by examining the influence of temporal perspective on evaluations of regulatory-framed products. The results reveal that when a purchase is about to be made, consumers prefer prevention- (vs. promotion-) framed products--an effect that is driven by the pain anticipated from potentially failing one's looming purchasing goal. When a purchase is temporally distant, however, promotion- (vs. prevention-) framed products become more appealing--an effect that is driven by the anticipated pleasure from achieving one's distant purchasing goal. Implications for the psychology of selfregulation, anticipated affect, and willpower are discussed.

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Paper provided by Stanford University, Graduate School of Business in its series Research Papers with number 1914.

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Date of creation: Apr 2007
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Handle: RePEc:ecl:stabus:1914

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  1. Camelia Kuhnen & Brian Knutson, 2005. "The Neural Basis of Financial Risk Taking," Experimental 0509001, EconWPA. [Downloadable!]
  2. Leclerc, France & Schmitt, Bernd H & Dube, Laurette, 1995. " Waiting Time and Decision Making: Is Time like Money?," Journal of Consumer Research: An Interdisciplinary Quarterly, University of Chicago Press, vol. 22(1), pages 110-19, June.
  3. Shelley, Marjorie K., 1994. "Gain/Loss Asymmetry in Risky Intertemporal Choice," Organizational Behavior and Human Decision Processes, Elsevier, vol. 59(1), pages 124-159, July. [Downloadable!] (restricted)
  4. Loewenstein, George, 1987. "Anticipation and the Valuation of Delayed Consumption," Economic Journal, Royal Economic Society, vol. 97(387), pages 666-84, September. [Downloadable!] (restricted)
  5. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
  6. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March. [Downloadable!] (restricted)
  7. Shiv, Baba & Fedorikhin, Alexander, 1999. " Heart and Mind in Conflict: The Interplay of Affect and Cognition in Consumer Decision Making," Journal of Consumer Research: An Interdisciplinary Quarterly, University of Chicago Press, vol. 26(3), pages 278-92, December.
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