2007/07/11 by Min Zhao, Steve Hoeffler, Gal Zauberman · 4 citations
Decision Sciences · Psychology · Neuroscience · #Decision-Making and Behavioral Economics #Behavioral Health and Interventions #Neural and Behavioral Psychology Studies
paper · doi:10.1509/jmkr.44.3.379
Research on choice over time has found that people tend to focus on concrete aspects of near-future events and abstract aspects of distant-future events. Furthermore, a focus on concrete aspects heightens the feasibility-related components, whereas a focus on abstract aspects heightens the desirability-related components, which can lead to preference inconsistency over time. In this research, the authors integrate research on choice over time with mental simulation. They propose and show that counter to people's natural tendencies, outcome simulation for near-future events and process simulation for distant-future events lead to preference consistency over time. The results also suggest that outcome timing moderates the effectiveness of process versus outcome simulation.