The Framing of Buying Decisions
The Framing of Buying Decisions
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DOI:
10.1086/209115
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发表时间:
1987-12
影响因子:
7.2
通讯作者:
C. Puto
中科院分区:
文献类型:
--
作者:
C. Puto
Research in behavioral decision theory suggests that people use reference points as the basis for judging/comparing the value of decision alternatives, but there has been little research addressing how decision reference points are formed. This paper posits and empirically demonstrates a conceptual framework of the reference point formation process for buying decisions. The basic concepts in the framework are supported, and the resulting reference points are shown to influence choice in a manner consistent with prospect theory.