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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...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
The Royal Society Publishing
2018
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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. |
format | Online Article Text |
id | pubmed-5936890 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2018 |
publisher | The Royal Society Publishing |
record_format | MEDLINE/PubMed |
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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