Mental Simulation and Preference Stability Over Time
EXTENDED ABSTRACT - Prior research on intertemporal choice has demonstrated that people’s preferences can be impacted by the temporal distance. Specifically, Trope and Liberman (2003) shows that when we make a choice for the future, we tend to think much more about how desirable a certain option is. However, when making a decision with near future consequences, we often put much more weight on whether a certain option is feasible. As a result of this shift in considerations, people have inconsistent preference over time.
Citation:
Min Zhao, Steve Hoeffler, and Gal Zauberman (2005) ,"Mental Simulation and Preference Stability Over Time", in NA - Advances in Consumer Research Volume 32, eds. Geeta Menon and Akshay R. Rao, Duluth, MN : Association for Consumer Research, Pages: 526-527.
Authors
Min Zhao, University of North Carolina
Steve Hoeffler, University of North Carolina
Gal Zauberman, University of North Carolina
Volume
NA - Advances in Consumer Research Volume 32 | 2005
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