Judgment and Decision-Making in Low Consumer Effort is a chapter in the book "Consumer Behavior" by Cengage Learning.
The chapter discusses the types of heuristics that consumers can use to make simple judgments.
Marketers need to understand both unconscious and conscious decision-making processes in low-effort situations.
Consumers learn to apply choice tactics through operant conditioning.
Brand familiarity is a low-effort feeling-based strategy that consumers use to make purchase decisions.
Sensation seekers express themselves in every product category.
Consumers are motivated to relieve their boredom because their level of arousal falls below the optimal stimulation level (OSL).
Vicarious explorers express themselves in some product categories and not in others.
Consumers can be sensation seekers or vicarious explorers.
Consumers seek variety due to satiation or boredom.
Consumers make thought-based low-effort decisions using performance-related tactics, habit, brand loyalty, price-related tactics, and normative influences.
Consumers make affect-based low-effort decisions using feelings as a simplifying strategy, brand familiarity, variety seeking, and impulse purchasing.
Representativeness heuristic: Comparing a stimulus with the category prototype/exemplar
Availability heuristic: Basing judgments on events that are easier to recall
Base-rate information: How often an event occurs on average
Law of small numbers: Expecting that information obtained from a small sample to characterize the larger population
Performance-related tactics are used in cognitive decision making.
Habit is a behavior characterized by little or no information seeking, little or no evaluation of alternatives, and developing repeat purchase behavior by shaping.
Normative choice tactics are used when other individuals can influence consumers' low-elaboration decision making.
Evaluation can be general or focused on a specific attribute or benefit.
Price consciousness is not static.
Decisions are based on affect referral, a tactic whereby people simply remember their feelings for the product or service.
Customers have a zone of acceptance, which is the acceptable range of prices for any purchase decision.
Low-effort feeling-based strategies are used in cognitive decision making.
Multibrand loyalty is when consumers buy two or more brands repeatedly because of a strong preference for them.
Based on benefits, features, or evaluations of a brand, used when the outcome of the consumption process is positive reinforcement.
Affect-related tactics are based on feelings and do not necessarily result from a conscious recognition of need satisfaction.
People may make a decision without being consciously aware of how or why they are doing so
Conscious Low-Effort Decision-Making Hierarchy of effects for low-effort situations: Sequence of thinking, behaving, and feeling
Affective processing: Sequence of feeling, behaving, and thinking
Factors that influence low motivation, ability, and opportunity (MAO) process: Satisficing