| Literature DB >> 23696199 |
Marios G Philiastides1, Roger Ratcliff.
Abstract
Branding has become one of the most important determinants of consumer choices. Intriguingly, the psychological mechanisms of how branding influences decision making remain elusive. In the research reported here, we used a preference-based decision-making task and computational modeling to identify which internal components of processing are affected by branding. We found that a process of noisy temporal integration of subjective value information can model preference-based choices reliably and that branding biases are explained by changes in the rate of the integration process itself. This result suggests that branding information and subjective preference are integrated into a single source of evidence in the decision-making process, thereby altering choice behavior.Keywords: bias; branding; cognitive processes; decision making; diffusion model; drift rate; evidence accumulation; judgment; preferences; response bias
Mesh:
Year: 2013 PMID: 23696199 DOI: 10.1177/0956797612470701
Source DB: PubMed Journal: Psychol Sci ISSN: 0956-7976