التفاصيل البيبلوغرافية
| العنوان: |
On the Perceived Value of Money: The Reference Dependence of Currency Numerosity Effects. |
| المؤلفون: |
WERTENBROCH, KLAUS1 klaus.wertenbroch@insead.edu, SOMAN, DILIP2 dilip.soman@rotman.utoronto.ca, CHATTOPADHYAY, AMITAVA3 amitava.chattopadhyay@insead.edu |
| المصدر: |
Journal of Consumer Research. Jun2007, Vol. 34 Issue 1, p1-10. 10p. 2 Charts, 1 Graph. |
| مصطلحات موضوعية: |
*MONEY illusion, *VALUE (Economics), *PURCHASING power, *CONSUMER behavior, *VALUATION, *MONEY, *DEVALUATION of currency, *CURRENCY question, *CONSUMER goods, *ANCHORING effect |
| مستخلص: |
Money illusion research shows that the nominal (face) value of money affects consumer perceptions of its real value. Recent mixed findings on consumer valuations in different currencies suggest that the underlying anchoring and adjustment processes are complex. We develop a framework to identify boundary conditions that specify the direction of anchoring effects on valuations in different currencies. Consumers anchor on the numerosity of the nominal difference between prices and salient referents (e.g., budgets) when evaluating transactions. Support for our framework comes from a series of experiments that evoke different reference standards. We discuss implications and opportunities for future research. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Business Source Index |
