One Unified Global Perspective
Communications with a Global Perspective
Home
Intro
Contact Us
Voice over IP
PBX Solutions
Services
Support
Glossary
Open Source
Blog
Forum

WebMail





2007 Jul 28 - Sat

Manipulating Perceptual Focus in Advertisments

At Science Daily is an article about how to arrange advertised items so as to make the targeted item stand out:

In a new study from the August issue of the Journal of Consumer Research, researchers from Northwestern University demonstrate how advertisements can be manipulated to cause overemphasis of a particular feature and increase the likelihood that a certain product is chosen. Their finding runs contrary to economic models, which assume that choices are based on stable preferences and should not be influenced by the inclusion of inferior options.

"By showing the impact of perceptual focus on consumer preferences, this research demonstrates that in addition to the many overt ways companies can draw attention to products, the visual arrangement of alternatives can also have a significant influence on their relative choice shares," explain Ryan Hamilton, Jiewen Hong, and Alexander Chernev.

In a series of fascinating experiments, the authors show how grouping together options with similar characteristics can emphasize dissimilar options and help them pop-out. For example, consider a comparison of two sofas, A and B. Sofa A has softer cushions; Sofa B is more durable. In a head-to-head comparison, sofa A is preferred by less than half of the survey participants -- 42.3 percent.

However, if sofas A and B are grouped with three other sofas, all of which have a low rating for cushion softness, then preference for sofa A jumps to 77.4 percent. One of these things is not like the others, and that apparently makes it more desirable -- a phenomenon the authors term "perceptual focus effect."

"The research presented in this article has practical implications for manufacturers and retailers in determining the size and composition of their product assortments," conclude the authors. "In particular, when designing product displays, in both print and electronic media, companies need to be aware of the potential impact of the visual characteristics of choice alternatives on consumer preferences."

The researchers also found that how consumers process information can influence how susceptible they are to perceptual focus effect. Those who rely on intuition are more likely to choose a perpetually focal option. In addition, having participants perform an analytical test before making a product choice drained logical reasoning resources and increased the likelihood that the person would choose the perpetually focal option.

Reference: Ryan Hamilton, Jiewen Hong, and Alexander Chernev. "Perceptual Focus Effects in Choice" Journal of Consumer Research: August 2007.

Note: This story has been adapted from a news release issued by University of Chicago.

[/Personal/Business] permanent link


Trading Site of the Day -- QCode

QCode is a bare bones site linking type site for:

  • Quant Jobs: appears to be live linked to appropriate references at other sites
  • Links to Recent Papers
  • Links to a few Quant and option related sites
  • There is a forum with some activity
  • Probably one of the most interesting is the links to various software libraries, hence the name of the site.

[/Trading/SiteOfTheDay/D200707] permanent link



Blog Content ©2008
Ray Burkholder
All Rights Reserved
ray@oneunified.net
(441) 505 7293
Available for Contract Work
Resume

RSS: Click to see the XML version of this web page.

View Ray 
Burkholder's profile on LinkedIn
technorati
Add to Technorati Favorites



July
Su Mo Tu We Th Fr Sa
28
       


Main Links:
Monitoring Server
SSH Tools
QuantDeveloper Code

Special Links:
Frink

Blog Links:
Sergey Solyanik
Marc Andreessen
HotGigs
Micro Persuasion
... Reasonable ...
Chris Donnan
BeyondVC
lifehacker
Trader Mike
Ticker Sense
HeadRush
TraderFeed
Stock Bandit
The Daily WTF
Guy Kawaski
J. Brant Arseneau
Steve Pavlina
Matt Cutts
Kevin Scaldeferri
Joel On Software
Quant Recruiter
Blosxom User Group
Wesner Moise
Julian Dunn
Steve Yegge

2007
Months
Jul




Mason HQ

Disclaimer: This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.