Abstract
This study examines the effects of context (health hazard), direction (positive versus negative) and intensity of information about health hazards on consumers' choice processes. We propose that choice of frequently purchased food commodities, ceteris paribus, is based on a single dimensiontaste. We develop a set of hypotheses regarding the type of choice process to be employed in various information types and empirically test them in a field experiment design. Our results indicate that a single-dimension choice process is employed under a nonsevere message and a multidimensional process under high-intensity negative information.
Original language | English |
---|---|
Pages (from-to) | 140-147 |
Number of pages | 8 |
Journal | Journal of Econometrics |
Volume | 162 |
Issue number | 1 |
DOIs | |
State | Published - 1 May 2011 |
Keywords
- Choice process
- D81-Criterion for decision making under uncertainty
- Health hazards
- Negative information
ASJC Scopus subject areas
- Economics and Econometrics