The Availability Heuristic and Perceived Risk

Four studies using a variety of methodologies and products find that the availability heuristic (the ease with which one can bring to mind exemplars of an event) influences consumers' judgments about the likelihood of products failing. Based on past research showing that distinctiveness increas...

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Veröffentlicht in:The Journal of consumer research 1988-06, Vol.15 (1), p.13-23
1. Verfasser: Folkes, Valerie S.
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container_title The Journal of consumer research
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creator Folkes, Valerie S.
description Four studies using a variety of methodologies and products find that the availability heuristic (the ease with which one can bring to mind exemplars of an event) influences consumers' judgments about the likelihood of products failing. Based on past research showing that distinctiveness increases availability, a laboratory experiment (Study 1) manipulated distinctiveness of incidents describing a product failing or succeeding. Study 2 used a similar methodology, but relates attention to product failure estimates. Study 3 is a field study examining product failure distinctiveness and failure estimates. In Study 4, self-reported ease in recalling failure incidents is correlated with judged likelihood of product failure, whereas ease of recalling success incidents is correlated with judged likelihood of product success.
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source Oxford University Press Journals Digital Archive Legacy; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing
subjects Availability
Brands
Consumer behavior
Consumer research
Correlation analysis
Escalators
Fast food restaurants
Financial risk
Heuristic
Heuristics
Marketing
Memory
Nonsense
Product choice
Product performance
Reliability
Studies
title The Availability Heuristic and Perceived Risk
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