Publication | Closed Access
Strategy compatibility, scale compatibility, and the prominence effect.
195
Citations
20
References
1993
Year
Behavioral Decision MakingConsumer ResearchDecision AnalysisRevealed PreferenceIndividual Decision MakingRiskless Decision MakingPsychologyStrategic ThinkingChoice ModelExperimental Decision MakingBiasManagementExperimental EconomicsBehavioral StrategyStrategy CompatibilityDecision TheoryBehavioral SciencesStrategyStrategic ManagementMarketingDecision AlternativesBehavioral EconomicsProminence EffectBusinessBusiness StrategyDecision Science
Ss expressed preferences between pairs of decision alternatives characterized by 2 attributes, for example, price and quality. They were more likely to prefer the alternative that was superior with respect to the most important attribute when making choices and strength-of-preference judgments than when making matching and monetary-equivalent value judgments. Rating scale judgments fell between these two extremes. These findings extend the previously established choice versus matching prominence effect (Tversky, Sattath, & Slovic, 1988) to a more general qualitative versus quantitative task prominence effect. The data support the strategy-compatibility interpretation of the prominence effect. They also show that in riskless decision making, the generalized prominence effect is much stronger than simple scale-compatibility effects
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