Numeracy, gist, literal thinking and the value of nothing in decision making

VF Reyna, CJ Brainerd - Nature Reviews Psychology, 2023 - nature.com
The onus on the average person is greater than ever before to make sense of large amounts
of readily accessible quantitative information, but the ability and confidence to do so are …

Uncertainty marketing tactics: An overview and a unifying framework

A Kovacheva, H Nikolova - Journal of the Academy of Marketing Science, 2024 - Springer
Many firms employ marketing tactics, such as surprise boxes, buy-and-reveal deals, random
price promotions, and teaser advertisements, in which some information is intentionally …

Scarcity and consumer decision making: Is scarcity a mindset, a threat, a reference point, or a journey?

K Goldsmith, V Griskevicius… - Journal of the …, 2020 - journals.uchicago.edu
This special issue brings together research examining the impact of scarcity on consumer
decision making. A consumer's ability to meet consumption goals may be challenged by …

The fun and function of uncertainty: Uncertain incentives reinforce repetition decisions

L Shen, CK Hsee, JH Talloen - Journal of Consumer Research, 2019 - academic.oup.com
This research studies repetition decisions—namely, whether to repeat a behavior (eg, a
purchase) after receiving an incentive (eg, a discount). Can uncertainty drive repetition …

How does time pressure influence risk preferences? Answers from a meta-analysis

A Belli, FA Carrillat, N Zlatevska… - Journal of Consumer …, 2024 - academic.oup.com
Four decades of research into the influences of time pressure on risky decisions have
produced widely contrasting findings: 38.5% of the effects indicate that time pressure …

Mysterious consumption: Preference for horizontal (vs. vertical) uncertainty and the role of surprise

EC Buechel, R Li - Journal of Consumer Research, 2023 - academic.oup.com
Mysterious consumption items represent products that are chosen or purchased without
knowing the exact nature of the product (s). In contrast to the widely accepted notion of …

Examining the gamified effect of the blindbox design: The moderating role of price

X Miao, B Niu, C Yang, Y Feng - Journal of Retailing and Consumer …, 2023 - Elsevier
A blindbox is a product design that incorporates uncertainty; a customer who purchases a
blindbox receives a random product from a product series. The recent popularity of blindbox …

How representations of number and numeracy predict decision paradoxes: A fuzzy‐trace theory approach

VF Reyna, PG Brust‐Renck - Journal of Behavioral Decision …, 2020 - Wiley Online Library
Higher numeracy has been associated with decision biases in some numerical judgment‐
and‐decision problems. According to fuzzy‐trace theory, understanding such paradoxes …

Morals, money, and risk-taking from childhood to adulthood: The neurodevelopmental framework of fuzzy trace theory

VF Reyna, C Panagiotopoulos - 2020 - direct.mit.edu
Fuzzy trace theory (FTT) explains how cognitive representations of moral and monetary
decisions, along with reward motivation and social values, are essential for understanding …

How reward uncertainty influences subsequent donations: the role of mental accounting

H Shi, R Chen, X Xu - Journal of Business Research, 2021 - Elsevier
It is common in the marketplace for merchants to reward consumers whose spending
reaches a certain level. This study investigates how reward uncertainty affects consumers' …