This research reports on a cognitive neuroscientific examination of whether trade-off aversion explains the attraction effect. The principal study involves the neuroimaging of participants engaging in choice tasks while their cerebral activity is recorded. The authors examine whether the presence of a third (normatively irrelevant) alternative yields relatively less activation in areas of the brain associated with negative emotion than the activation during choice tasks involving two equally (un)attractive options. The results support the claim that trade-off choice sets are associated with relatively greater negative emotion. The authors discuss the implications of the research for marketing theory and methodology, as well as for managerial practice in the corporate and public policy arenas.

Retail is rapidly evolving to construct virtual environments for consumers. Online product images, videos, and virtual reality (VR) interfaces enliven consumer experiences and are a source of product information. Since consumers are unable to physically touch products in these digital environments, this research considers vicarious touch, or the observation of a hand in physical contact with a product in a digital environment. Across eight studies, the authors use images, GIFs, and VR to show that vicarious touch affects consumers’ psychological ownership and product valuation due to the active nature of product touch which results in a felt sense of body ownership of the virtual hand. This is termed the vicarious haptic effect. Results demonstrate that it is not simply enough to have a hand in an advertisement, the hand must be touching a product. The vicarious haptic effect is strongest for people who become highly stimulated by an immersive VR experience (i.e., measured via the elevation in heart rate). The vicarious haptic effect is attenuated if the viewed interaction does not represent a diagnostic hand movement. The authors discuss theoretical and managerial implications for digital product presentation in order to encourage feelings of product ownership and valuation.

Research suggests self-control relies on a limited set of resources that can be diminished by use. Recent theories posit that there are two stages of self-control: recognizing the need for control and implementing controlled responses. We conducted a functional magnetic resonance imaging experiment and an intervention experiment to investigate whether one or both stages were affected by the prior exercise of self-control. Results from both experiments indicated that only the implementation stage was affected. Further, we demonstrate that self-control can be increased by an intervention designed to boost implementation, as opposed to the recognition of the need to control one's responses.

When asked to choose between immediate versus future gains, individuals tend to fast-track benefits and, congruently, they tend to delay costs. But, despite the everincreasing importance of the topic, few studies have investigated this behavior among senior citizens. The handful of studies that have been conducted have produced conflicting results and focused on gains as opposed to losses. These conflicting results may in part be due to demographic confounds and the inherent variability that comes with aging. Here, demographic confounds and variability due to aging were minimized by studying three groups: middle-aged, unimpaired older, and impaired older adults.Participants were asked to choose between soonerϪsmaller and laterϪlarger monetary rewards and losses. Results indicated that impaired older adults discounted the future more than unimpaired older adults. Interestingly, middle-aged adults discounted future gains at a similar rate as impaired older adults, but discounted future losses less than impaired older adults (and similarly to unimpaired older adults). This may suggest that unimpaired older adults have developed a compensatory mechanism that leads to more cautious, patient choices. We discuss these results in the context of the neurobiology and neuropsychology of aging and decision-making.

Many important decisions that consumers face involve choosing between options that are unattractive or undesirable—the proverbial “lesser of two evils.” Consumers, who face budget or geographical constraints, for example, end up with mostly undesirable consideration sets; yet a choice is necessary. We examine the role of option set desirability in the context of the well‐established attraction effect. In five studies, we show that the attraction effect occurs in desirable domains but is eliminated when all the options are undesirable (Experiments 1–4). We further find that this asymmetric effect is consistent with a shift in decision makers' processing styles. Decision makers show more vigilant processing when making choices among undesirable (vs. desirable) domains (Experiments 3A and 3B), which results in an attenuated attraction effect (Experiment 4). Our results indicate that the attraction effect might not be as robust as generally thought and establishes (un)desirability as an important boundary condition.