Forum for Science, Industry and Business
Sponsored by:     Siemens  n-tv 
Search our Site:

Topic (optional):

 

Home Reports Studies and Analyses Content

Consumers would rather have a simple decision making process than more options

next article
28.03.2006

 


The paradox of choice has been well-documented, but a new study from the forthcoming issue of the Journal of Consumer Research offers an explanation of the hierarchical consumer choices that lead to dissatisfaction with an overwhelming number of options – and how we can overcome these shopping crises.


"This research examines consumer choice as a decision process that comprises two different stages: selecting an assortment and, subsequently, selecting a particular option from that assortment," explains Alexander Chernev (Northwestern University).

Chernev argues that two conflicting goals are in play when we shop: maximal flexibility and minimal decision complexity. When choosing where to shop, we tend to opt for maximal flexibility, preferring to have a large assortment of options. However, when test subjects were asked to focus on the idea that a larger number of options – say, at a Wal-Mart – would make the final decision of what to purchase more complicated, they tended to revise their original choice and go for a smaller, less varied assortment.

Moreover, there is an additional danger to offering too many options, even if it does draw people into the store. As Chernev explains: "…increasing the size of the assortment tends to complicate the decision process and decrease the overall probability of purchase".

Suzanne Wu | Source: EurekAlert!
Further information: www.uchicago.edu

next article

More articles from Studies and Analyses:

nachricht Daycare may double TV time for young children
24.11.2009 | Seattle Children's

nachricht Insomnia prevalent among cancer patients who receive chemotherapy
24.11.2009 | University of Rochester Medical Center

All articles from Studies and Analyses >>>

B2B Search

Product / Service
Company / Organisation

Latest News

Daycare may double TV time for young children

24.11.2009 | Studies and Analyses

Insomnia prevalent among cancer patients who receive chemotherapy

24.11.2009 | Studies and Analyses

How green is your house?

24.11.2009 | Social Sciences

VideoLinks

Event News

Multidisciplinary meeting on Urological Cancers aims to benefit cancer patients

20.11.2009 | Event News

'Golden Age' for clinical psychology in Northern Ireland

20.11.2009 | Event News

New Perspectives in Marine Anti-Fouling Research

11.11.2009 | Event News