iClicker Pt. 2 Flashcards
(42 cards)
People prefer their loss integrated.
True
People prefer mixed gain over pure gain of comparable magnitude.
False
Prospect theory shows relationship between subjective value and objective gain/loss
True
Bad purchase decisions are made because comparisons available at purchase/choice are not available during use.
True
People want to be moderately unique.
True
One reason people like custom products is because they feel unique.
True
Normative influence decreases with strength, immediacy and number of sources of influence.
False
Informational influence is greater when people are uncertain.
True
Dissonance theory changes behavior with attitude changes.
True
Dissonance decreases by changing one of the dissonant beliefs
False
Predicting you do something increases likelihood of doing it.
True
People will do big favor if you first ask smaller and relate favor.
True
Choosing an object makes people like chosen option more than nonchosen ones.
True
When choosing between 2, people are happier with chosen when it can be returned.
False
People adjust behavior to be consistent with public attitudes than private attitudes.
True
Consumers like product more when more strongly identified with TV character that likes product.
True
On golf course, I did well but putter did not do well. (type of ego bias)
Self serving
Everyone laughs at me if I got out in that (type of ego bias)
Spotlight
I will buy that when it comes out next year (type of ego bias)
Overconfident
I am less likely than others to have stolen identity (type of ego bias)
Optimism bias
Absolute desire is more important than relative desire when predicting market share.
False
Unbounded write in scales create a normal distribution more than traditional scales.
True
SUMM asks consumers about the desirability of various levels of product attributes and what levels of attributes they think brands have.
True
STEP shares of large brands are larger than actual market shares.
False