2003
DOI: 10.1002/mar.10094
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Face consciousness and risk aversion: Do they affect consumer decision‐making?

Abstract: This article explores the effects of two cultural dimensions, face consciousness and risk aversion, on consumers' decision-making styles. Data from China and the United States show that consumers in the United States differ from their counterparts in China in decision-making styles. Face consciousness and risk aversion appear to contribute to such divergence. Implications for future research are discussed. ᭧

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Cited by 339 publications
(295 citation statements)
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References 41 publications
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“…On the one hand, Chinese consumers try to maintain their reputation (face) in front of significant others. On the other hand, when their social poise is attacked or teased, Chinese people try to defend or save face (Bao, Zhou, & Su, 2003).…”
Section: Resultsmentioning
confidence: 99%
“…On the one hand, Chinese consumers try to maintain their reputation (face) in front of significant others. On the other hand, when their social poise is attacked or teased, Chinese people try to defend or save face (Bao, Zhou, & Su, 2003).…”
Section: Resultsmentioning
confidence: 99%
“…For example, the gift-giving tradition in East Asia dictates that a gift purchase should take into consideration the gift receiver's financial position to prevent both parties from losing face when the receiver is unable to reciprocate with a similar value gift. Consequently, consumers tend to opt for materialistic purchases that are safe and appropriate for maintaining good social interaction (Bao, Zhou, & Su, 2003;Chan, Wan, & Sin, 2009;Liao & Wang, 2009).…”
Section: Materialism and Collective Orientationmentioning
confidence: 99%
“…Propensity to minimize risk (or risk aversion) involves the behavior of individuals when they feel danger due to ambiguous and new situation, and therefore they would want to minimize uncertainty and/ or potential negative products (Bao et al, 2003;Delvecchio and Smith, 2005). Buying and using product that has never been used is a situation that may cause uncertainty and negative result (Delvecchio and Smith, 2005;Steenkamp et al, 1999).…”
Section: Propensity To Minimize Riskmentioning
confidence: 99%