The Effects of Temporal Distance between Purchase and Consumption on Consumer Choice

구매시기와 소비시기 간의 시간 간격이 소비자 선택에 미치는 영향

  • Received : 2010.04.14
  • Accepted : 2010.08.26
  • Published : 2010.12.31

Abstract

In consumption environment, the time interval is frequently found between purchase and consumption. The objective of this study is to determine how consumers' purchase intentions can be influenced by this type of temporal distance. Construal level theory holds that the 'distant future situation' tend to be construed on a higher level than the 'near future situation.' Accordingly, when considering the consumption in the near future, consumers tend to be more likely to focus on the feasibility of the alternatives than on desirability. Conversely, when considering the consumption in the distant future, they are more likely to focus on the desirability of the alternatives than on feasibility. Along with the previous literature, the current study investigates the effects of temporal distance between purchase and consumption on consumer choice. Moreover, we aim to determine under which conditions these effects pertain. To test our hypotheses, we conducted a 2(temporal distance:near future vs. distant future) x 2(alternative type:high desirability, low feasibility vs. low desirability, high feasibility) x 3(additional offering:no gift, free coffee coupon, free mini book) between subjects design. The results show that the main effects of temporal distance and additional offering are significant. The 2 way interaction between temporal distance and additional offerings is also significant. Specifically, the purchase intention differentiation from additional offering tends to be larger at shorter temporal distances (near future) than at long ones (distant future).

Keywords

References

  1. 하영원, "소비자 의사결정-정보처리적 접근을 중심으로", 소비자학연구, 제11권, 제2호(2000), pp.1-38.
  2. 김영조, 송시연, 장지훈, "자기해석의 차이가 제품태도에 미치는 영향", 마케팅 연구, 제22권, 제4호(2007), pp.157-173.
  3. 곽준식, "출시 시점(가까운 미래, 먼 미래)이 유사성 평가와 확장 제품 평가에 미치는 영향 : 시기추론이론을 중심으로", 마케팅관리연구, 제13권, 제4호(2008), pp.57-70.
  4. Benzion, Uri, Amnon Rapoport, and Joseph Yagel, "Discount Rates Inferred from Decisions : An Experimental Study," Management Science, Vol.35, No.3(1989), pp.270-284. https://doi.org/10.1287/mnsc.35.3.270
  5. Bickel P., F. Gotze, and W. van Zwet, "Resampling Fewer than N Observations : Gains, Losses and Remedies for Losses," Statistica Sinica, Vol.7, No.2(1997), pp.1-31.
  6. Estle, Sara J., Leonard Green, Joel Myerson, and Daniel D. Holt, "Discounting of Monetary and Directly Consumable Rewards," Psychological Science, Vol.18, No.1(2007), pp.58-63. https://doi.org/10.1111/j.1467-9280.2007.01849.x
  7. Frederick, Shane, George Loewenstein, and Ted O'Donoghue, "Time Discounting and Time Preference : A Critical Review," Journal of Economic Literature, Vol.40, No.2(2002), pp. 351-401. https://doi.org/10.1257/002205102320161311
  8. Freitas, Antonio L., Peter Salovey, and Nira Liberman, "Abstract and Concrete Self-Evaluative Goals," Journal of Personality and Social Psychology, Vol.80, No.3(2001), pp.410-424. https://doi.org/10.1037/0022-3514.80.3.410
  9. Green, Leonard and Joel Myerson, "Alternative Frameworks for the Analysis of Selfcontrol," Behavior and Philosophy, Vol.21, No.2(1993), pp.37-47.
  10. Green, Leonard, Joel Myerson, and Edward McFadden, "Rate of Temporal Discounting Decreases with Amount of Reward," Memory and Cognition, Vol.25, No.1(1997), pp.715-723. https://doi.org/10.3758/BF03211314
  11. Green, Leonard, Joel Myerson, and P. Ostaszewski, "Amount of Reward Has Opposite Effects on the Discounting of Delayed and Probabilistic outcomes," Journal of Experimental Psychology : Learning, Memory and Cognition, Vol.25, No.6(1999), pp.418-427. https://doi.org/10.1037/0278-7393.25.2.418
  12. Liberman, Nira and Yaacov Trope, "The Role of Feasibility and Desirability Considerations in Near and Distant Future Decisions : A test of Temporal Construal Theory," Journal of Personality and Social Psychology, Vol.75, No.1(1998), pp.5-18. https://doi.org/10.1037/0022-3514.75.1.5
  13. Liberman, Nira, Michael D. Sagristano, and Yaacov Trope, "The Effect of Temporal Distance on Level of Mental Construal," Journal of Experimental Social Psychology, Vol.38, No.6(2002), pp.523-534. https://doi.org/10.1016/S0022-1031(02)00535-8
  14. Loewenstein, George and Drazen Prelec, "Negative Time Preference," American Economic Review, Vol.81, No.2(1991), pp.347-354.
  15. Madden, Gregory J., Nancy M. Petry, Gary J. Badger, and Warren Bickel, "Impulsive and Self-Control Choices in Opioid-Dependent Patients and Non-Drug-Using Control Participants : Drug and Monetary Rewards," Experimental Clinical Psychopharmacology, Vol.5, No.3(1997), pp.256-262. https://doi.org/10.1037/1064-1297.5.3.256
  16. Malkoc, Selin A., Gal Zauberman, and Canan Ulu, "Consuming Now or Later?," Psychological Science, Vol.16, No.5(2005), pp.411-417. https://doi.org/10.1111/j.0956-7976.2005.01549.x
  17. Milkman, Katherine L., "Tap Consumers' Desire for Shoulds," Dong-A Business Review, Vol.15, No.2(2008), pp.120-121.
  18. Myerson, Joel and Leonard Green, "Discounting of Delayed Rewards : Models of Individual Choice," Journal of the Experimental Analysis of Behavior, Vol.64, No.2(1995), pp. 263-276. https://doi.org/10.1901/jeab.1995.64-263
  19. Sagristano, Michael D., Yaacov Trope, and Nira Liberman, "Time-Dependent Gambling :Odds Now, Money Later," Journal of Experimental Psychology : General, Vol.131, No.5(2002), pp.364-376. https://doi.org/10.1037/0096-3445.131.3.364
  20. Samuelson, Paul, "A Note on Measurement of Utility," Review of Economic Studies, Vol.4 (1937), pp.155-161. https://doi.org/10.2307/2967612
  21. Strotz, Robert H., "Myopia and Inconsistency in Dynamic Utility Maximization," Review of Economic Studies, Vol.23, No.3(1955), pp.165-180. https://doi.org/10.2307/2295722
  22. Thaler, Richard H., "Some Empirical Evidence on Dynamic Inconsistency," Economic Letters, Vol.8, No.3(1981), pp.201-207. https://doi.org/10.1016/0165-1765(81)90067-7
  23. Trope, Yaacov, "Theory in Social Psychology : Seeing the Forest and the Trees," Personality and Social Psychology Review, Vol.8, No.2(2004), pp.193-200. https://doi.org/10.1207/s15327957pspr0802_13
  24. Trope, Yaacov and Nira Liberman, "Temporal Construal and Time-Dependent Changes in Preference," Journal of Personality and Social Psychology, Vol.79, No.6(2000), pp.876-889. https://doi.org/10.1037/0022-3514.79.6.876
  25. Trope, Yaacov and Nira Liberman, "Temporal Construal," Psychological Review, Vol.110, No.3(2003), pp.403-421.