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Kilo what? Default units increase value sensitivity in joint evaluations of energy efficiency

Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet

Authors

The unit in which numerical information is presented can have a strong influence on how decision makers evaluate and choose between available choice options. The present work examines the influence of frequently used default units on judgments and decisions of energy efficiency. Across three experiments (Ntotal = 497), our results provide evidence that value sensitivity increases by about 25% in joint evaluation mode when a product attribute is presented in the default unit versus a non-default unit. As a result, presenting an attribute in the default unit led to more favorable evaluations of superior products and less favorable evaluations of inferior products. This result was robust to changes in the numerical magnitude of the non-default unit. Moreover, when joint evaluation was performed across different units, products described using the default unit were evaluated more favorably than products described using a non-default unit. More favorable evaluations based on the default unit translated into a higher willingness to pay for efficiency advantages. We discuss the theoretical and practical implications of default units to guide informed consumer judgments and effective energy efficiency labeling.

OriginalspracheEnglisch
ZeitschriftJudgment and Decision Making
Jahrgang15
Ausgabenummer6
Seiten (von - bis)972-988
Anzahl der Seiten17
ISSN1930-2975
DOIs
PublikationsstatusErschienen - 11.2020
Extern publiziertJa

Bibliographische Notiz

Publisher Copyright:
© 2019, Society for Judgment and Decision making. All rights reserved.

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