The effect of superstitious beliefs on performance expectations
نویسندگان
چکیده
We explore superstitious beliefs as a basis of product performance expectations and their impact on initial purchase likelihood and subsequent satisfaction. In doing so, we demonstrate instances when superstitiondriven expectations cause consumers to make purchase decisions that run counter to economic rationality. In the first set of studies we find that Taiwanese consumers are relatively more likely to purchase a product with positive superstitious associations based on its “lucky” color, and are more likely to purchase and are willing to pay more money for a product with a smaller but “lucky” number of units contained in the package (e.g., eight tennis balls compared to ten). In contrast, consumers who do not hold such superstitious beliefs adhere to the more rational choice paradigm. Next, we show that the differences in purchase likelihood are driven by superstition-based performance expectations. We further generalize these findings to product satisfaction, and find support for expectation disconfirmation sensitivity as a moderator of the effect.
منابع مشابه
Locus of Control, Psychopathological Symptoms and Superstitious Beliefs
The purpose of this study was to investigate the relationship between locus of control and Psychopathological symptoms with superstitious beliefs. The Research Project was descriptive correlational. The statistical population consisted of all female members in Tehranchr('39')s neighborhood centers. In a clustered and accessible sampling method, 220 individuals were selected. The Internality, P...
متن کاملConscious and Nonconscious Components of Superstitious Beliefs in Judgment and Decision Making
Despite the large impact that superstitious beliefs have on the marketplace, we currently know very little about their implications for consumer judgment and decision making. We document the existence of the influence of superstitious beliefs on consumer behavior and specify their conscious and nonconscious underlying properties. In particular, we show that superstitious beliefs have a robust i...
متن کاملDark Omens in the Sky: Do Superstitious Beliefs Affect Investment Decisions?
Psychological research documents that individuals are more likely to resort to superstitious practices when operating in environments dominated by uncertainty, high stakes, and perceived lack of control over the outcomes. Based on these findings, we suggest that the stock market represents an ideal breeding ground for superstition and then test whether superstition-induced behavior affects inve...
متن کاملReligiosity, Locus of Control, and Superstitious Belief
The identification of specific characteristics that are associated with superstition may help to avoid the many risks (e.g. health anxiety, irrational behavior, emotional maladjustment) involved with extreme superstitious belief. This study examines two possible correlates of superstition: religiosity and locus of control. ANOVA suggest that levels of religiosity do not have a significant relat...
متن کاملCan Superstitious Beliefs Affect Market Equilibrium? Personal Beliefs and Beliefs about Others
We investigate whether superstitious beliefs held directly by only a fraction of the population affect market equilibrium. Using data from multiracial Singapore, we find that apartments whose unit numbers end with 8, an auspicious number for Chinese, are sold at 0.9% premium, whereas those that end with 4, an inauspicious number for Chinese, are sold at 1.5% discount. The discount for inauspici...
متن کامل