Home > Behavioral Econ. > Maximizing and customer loyalty: Are maximizers less loyal? — Linda Lai

Maximizing and customer loyalty: Are maximizers less loyal? — Linda Lai

Maximizing and customer loyalty: Are maximizers less loyal? — Linda Lai

Judgment and Decision Making, Vol. 6, No. 4, June 2011, pp. 307–313

Despite their efforts to choose the best of all available solutions, maximizers seem to be more inclined than satisficers to regret their choices and to experience post-decisional dissonance. Maximizers may therefore be expected to change their decisions more frequently and hence exhibit lower customer loyalty to providers of products and services compared to satisficers. Findings from the study reported here (N = 1978) support this prediction. Maximizers reported significantly higher intentions to switch to another service provider (television provider) than satisficers. Maximizers’ intentions to switch appear to be intensified and mediated by higher proneness to regret, increased desire to discuss relevant choices with others, higher levels of perceived knowledge of alternatives, and higher ego involvement in the end product, compared to satisficers. Opportunities for future research are suggested.

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Categories: Behavioral Econ.
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