Monday, February 28, 2011
People Who Think Their Partners Are a Perfect Fit Stay Happier—Even if They’re Wrong
People Who Think Their Partners Are a Perfect Fit Stay Happier—Even if They’re Wrong
Sunday, February 27, 2011
Saturday, February 26, 2011
Staring Contests Are Automatic: People Lock Eyes to Establish Dominance
Staring Contests Are Automatic: People Lock Eyes to Establish Dominance
Friday, February 25, 2011
Payday Proximity Changes Consumer Motives and Behavior
In a study published in the September issue of the "Journal of Marketing," University of Utah marketing professors Himanshu Mishra and Arul Mishra report that this human impulse is more complex than previously thought.
Payday proximity means more than awareness of the amount of money in the bank and product prices. It actually changes consumer motives, response to messages and purchase behavior, said Himanshu Mishra.
“Our findings are surprising because previous research has always considered preferences to be relatively stable, not changing much over time,” said Mishra. “We find that not only do preferences change during such a short duration—paycheck to paycheck, but also that they fluctuate between a promotion and a prevention focus.”
Newly paid consumers are more likely to spend money on “promotion-focused” products and services—those that make their lives better, if even in a small way. As the previous payday gets further away, though, consumers are motivated to choose products that are "prevention-focused"—that preserve their current standard of living.
And the results of their forthcoming study may have implications for advertisers and employers, not to mention consumers themselves.
"How Salary Receipt Affects Consumers’ Regulatory Motivations and Product Preferences," co-authored with Dhananjay Nayakankuppam of the University of Iowa examines how consumers' behaviors change as the length of time from their last paycheck increases.
"As time goes by and your paycheck is almost spent, you want to maintain your status quo," says Himanshu Mishra.
The study's results could have several real-world applications, Mishra says. For instance, companies that are launching products might be well served to advertise them earlier in the month, when customers are more likely to have just been paid and are more receptive to new ideas. In addition, products with promotion or prevention-focused characteristics (whitening toothpaste vs. cavity-fighting toothpaste, respectively) might be more effectively advertised at different periods of the month.
Similarly, employers trying to promote certain employee programs may have greater success by timing their message appropriately, Mishra pointed out. For instance, a company-wide exercise program would attract more participants closer to payday since it is promotion focused, with participants working toward improving their lifestyle. An eat-healthy initiative would be more successfully promoted further from payday since it is prevention-focused with emphasis on avoiding certain foods in order to maintain a lifestyle.
"Those messages will have more influence then, because people are more in that mode, in that state of mind," Mishra says.
The study's inspiration came from personal experience, when Himanshu Mishra and Arul Mishra, were graduate students. Back then, they noticed that their own buying behaviors tended to become more prevention-focused as the duration of time from their last paychecks increased.
The study was done in two segments. In the first, 61 participants—all with full-time jobs—were asked to document their buying choices over a month-long period, categorizing purchases as things they "aspired" to buy or "ought" to buy. In the second segment, they asked 152 participants to choose between a series of identically priced and sized products. The snack choice, for example, was chocolate cake (promotion focused) or fruit salad (prevention focused).
The researchers found that the proportion of “aspired” products declined and the proportion of “ought” products increased as the participants got further away from their paychecks. The team also demonstrated that these results were not related to declining checking account balances during the month or to product prices.
After participants chose their products, some actually received their choices through a random-selection process in order to make the study more realistic.
"The idea was, whatever choice they were making should have some real consequences," he says.
Although participants ranged in age from 21 to 45, their ages made no discernable difference, Mishra says. Similarly irrelevant were family size and the presence of children.
In the current economic downturn, with a higher percentage of Americans living paycheck to paycheck, Mishra says he believes the trends seen in this study could become even more pronounced.
"We do believe that when people are more reliant on receipt of paycheck, we will see a stronger effect emerging," he says.o
Payday Proximity Changes Consumer Motives and Behavior
French Bread Vending Machines
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French Bread Vending Machines
Mean Girls and Queen Bees: Females Under Threat of Social Exclusion Respond by Excluding Others First
Mean Girls and Queen Bees: Females Under Threat of Social Exclusion Respond by Excluding Others First
Thursday, February 24, 2011
TV Still Rulez
- TV is the best profit generator
- TV has unbeatable scale and reach
- We’re watching more TV than ever before
- TV is the most talked about medium both on and offline
- All TV ads are response ads
- TV is the new point of sale medium
- TV is the dominant youth medium
- TV is THE emotional medium and emotional campaigns are more effective
- TV is the catalyst for other media
- TV builds brand fame
TV Still Rulez
Wednesday, February 23, 2011
People With Low Self-Esteem Show More Signs of Prejudice
People With Low Self-Esteem Show More Signs of Prejudice
Shopping With The Grim Reaper In Mind
As part of the study, Davidson designed an online survey of 540 Canadian men and women aged 18 to 40. Half the survey group answered a series of open-ended questions to increase their subconscious awareness of death – or in technical terms, their “mortality salience.”
Shopping With The Grim Reaper In Mind
Tuesday, February 22, 2011
Monday, February 21, 2011
Saturday, February 19, 2011
Retail Power at IKEA
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Retail Power at IKEA
Thursday, February 17, 2011
Dial ‘5683’ for Love: Dialing Certain Numbers on a Cell Phone Changes Your Emotional State
Dial ‘5683’ for Love: Dialing Certain Numbers on a Cell Phone Changes Your Emotional State
Wednesday, February 16, 2011
‘Was Doing’ Versus ‘Did’: Verbs Matter When Judging Other People’s Intentions
‘Was Doing’ Versus ‘Did’: Verbs Matter When Judging Other People’s Intentions
Tuesday, February 15, 2011
Got a Goal?: A Helpful Partner Isn’t Always Helpful
Got a Goal?: A Helpful Partner Isn’t Always Helpful
Pay Attention! Many Consumers Believe 36 Months is Longer than 3 Years
Pay Attention! Many Consumers Believe 36 Months is Longer than 3 Years
How Do Consumers React When Friends Provide Poor Service in a Business Arrangement?
How Do Consumers React When Friends Provide Poor Service in a Business Arrangement?
Guitar Heroes: When the Magic Transfers from Rock Stars to Instruments
Guitar Heroes: When the Magic Transfers from Rock Stars to Instruments
Not Actually Bad at Math or Auto Repair? Women Fear Being Stereotyped by Male Service Providers
Not Actually Bad at Math or Auto Repair? Women Fear Being Stereotyped by Male Service Providers
George Clooney or Saddam Hussein? Why Do Consumers Pay for Celebrity Possessions?
George Clooney or Saddam Hussein? Why Do Consumers Pay for Celebrity Possessions?
Monday, February 14, 2011
The Decay of Content
The Decay of Content