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Does it actually feel right? A replication attempt of the rounded price effect

How does the roundedness of prices affect product evaluations? The ‘rounded price effect’ postulates that depending on the context, rounded or non-rounded prices increase the purchase likelihood of consumers. The study presented here is a replication attempt of these findings and the proposed mediat...

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Autores principales: Harms, Christopher, Genau, Hanna A., Meschede, Carolin, Beauducel, André
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Royal Society Publishing 2018
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5936890/
https://www.ncbi.nlm.nih.gov/pubmed/29765625
http://dx.doi.org/10.1098/rsos.171127
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author Harms, Christopher
Genau, Hanna A.
Meschede, Carolin
Beauducel, André
author_facet Harms, Christopher
Genau, Hanna A.
Meschede, Carolin
Beauducel, André
author_sort Harms, Christopher
collection PubMed
description How does the roundedness of prices affect product evaluations? The ‘rounded price effect’ postulates that depending on the context, rounded or non-rounded prices increase the purchase likelihood of consumers. The study presented here is a replication attempt of these findings and the proposed mediation of the effect through a sense of ‘feeling right’ when evaluating the product. p-Curve analysis and the R-Index are used to assess the robustness of the originally reported statistics since original data were not available. A pre-registered replication of study 5 from the original article was conducted in a sample of N=588 participants. For both the original product and one alternative product neither an interaction between price roundedness and context, nor a mediation through ‘a sense of feeling right’ was found. Our results suggest that the effect is either smaller than originally reported or contingent on other, not investigated factors. Further studies might investigate contingencies in larger samples.
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spelling pubmed-59368902018-05-15 Does it actually feel right? A replication attempt of the rounded price effect Harms, Christopher Genau, Hanna A. Meschede, Carolin Beauducel, André R Soc Open Sci Psychology and Cognitive Neuroscience How does the roundedness of prices affect product evaluations? The ‘rounded price effect’ postulates that depending on the context, rounded or non-rounded prices increase the purchase likelihood of consumers. The study presented here is a replication attempt of these findings and the proposed mediation of the effect through a sense of ‘feeling right’ when evaluating the product. p-Curve analysis and the R-Index are used to assess the robustness of the originally reported statistics since original data were not available. A pre-registered replication of study 5 from the original article was conducted in a sample of N=588 participants. For both the original product and one alternative product neither an interaction between price roundedness and context, nor a mediation through ‘a sense of feeling right’ was found. Our results suggest that the effect is either smaller than originally reported or contingent on other, not investigated factors. Further studies might investigate contingencies in larger samples. The Royal Society Publishing 2018-04-25 /pmc/articles/PMC5936890/ /pubmed/29765625 http://dx.doi.org/10.1098/rsos.171127 Text en © 2018 The Authors. http://creativecommons.org/licenses/by/4.0/ Published by the Royal Society under the terms of the Creative Commons Attribution License http://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, provided the original author and source are credited.
spellingShingle Psychology and Cognitive Neuroscience
Harms, Christopher
Genau, Hanna A.
Meschede, Carolin
Beauducel, André
Does it actually feel right? A replication attempt of the rounded price effect
title Does it actually feel right? A replication attempt of the rounded price effect
title_full Does it actually feel right? A replication attempt of the rounded price effect
title_fullStr Does it actually feel right? A replication attempt of the rounded price effect
title_full_unstemmed Does it actually feel right? A replication attempt of the rounded price effect
title_short Does it actually feel right? A replication attempt of the rounded price effect
title_sort does it actually feel right? a replication attempt of the rounded price effect
topic Psychology and Cognitive Neuroscience
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5936890/
https://www.ncbi.nlm.nih.gov/pubmed/29765625
http://dx.doi.org/10.1098/rsos.171127
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