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As per the cost benefit framework of judgement making, people make decision based
on the weights assigned to the cost and benefit of the task at hand.
Value Inference:
Novel attributes are communicated to consumers through various marketing channels and
then consumers makes inference of what value/benefit would the product provide them, and
this is supported by two researches.
1. consumers belief that marketers only advertise in order to improve their brand attitude in
consumers’ minds and hence they perceive introduction of novel attributes as something
which would provide additional value to them.
2. consumers make positive inference about newly introduced familiar attributes even if
they are irrelevant to them.
Study 1: Theory continued...
However, these two inferences might not be the only factors impacting the product evaluation.
After making inferences consumers might search for more information and then finally compares
the initial inferences with new searches and arrive at conclusion of product evaluation.
Study 1-Hypothesis
Presence of novel attributes in low complexity products improve
product evaluation, whereas product evaluation reduces in case of high
complexity products
Hypothesis:
the negative effect of novel attributes on the evaluation of high-complexity products will
be reversed by explicit benefit information.
Study 2: Theory continued...
Hypothesis:
the negative effect of novel attributes on the evaluation of high-complexity products
will persist in the face of explicit benefit information.
Study 2-Hypothesis