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The Effect of Single Option on Choice Deferral: Focusing on anticipated regret

Abstract

This research focuses on the psychological mechanism of single option aversion of when searching for alternatives prior to the purchase decision. A single option presentation condition will result in a higher choice deferral than a multiple options presentation condition. And this effect was assumed to be mediated by the anticipated regret of purchase. In study 1, when a single option is presented as in the assumption of this study, the choice deferral is higher than the multiple options condition. in particular, the effect of a single option on choice deferral was mediated by anticipated regret on purchasing. In Study 2, it was confirmed that the choice deferral varied depending on the justifiability easiness message (message with low justifiability vs. message with high justifiability). As a result of the experiment, in the case of a single option presentation situation, the choice deferral was statistically significantly reduced when a message with high justification was presented than when a message with low justification was presented. However, there was no discriminative effect on the message of easiness of justification in the situation of presenting multiple options. Study 3 was conducted in order to clarify the psychological mechanism of the anticipated regret. As a result of the experiment, the group with the positive emotions primed had a statistically significant decrease in the choice deferral for the single option than the control group. The results of this research provide implications for a strategic approach to how to reduce purchase avoidance in a situation where a single option is presented, such as pre-order sales. In addition, it has a theoretical implications in that it seeks alternative psychological mechanism for the single option aversion phenomenon that appears even when searching for alternatives before purchase decision.

keywords
single option aversion, anticipated regret, single option, justifiability, choice deferral

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