2010
DOI: 10.1017/s1930297500001650
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When being wasteful appears better than feeling wasteful

Abstract: Abstract“Waste not want not” expresses our culture’s aversion to waste. “I could have gotten the same thing for less” is a sentiment that can diminish pleasure in a transaction. We study people’s willingness to “pay” to avoid this spoiler. In one scenario, participants imagined they were looking for a rental apartment, and had bought a subscription to an apartment listing. If a cheaper subscription had been declined, respondents preferred not to discover post hoc that it would have sufficed. Specifically, they… Show more

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Cited by 7 publications
(2 citation statements)
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“…In contrast, preferences for efficiency highlight decisionmakers' emphasis on resource optimization (Charness & Rabin, 2002;Van Lange et al, 1997) and aversion to waste (Arkes, 1996;Zultan et al, 2010). This perspective aligns with utilitarian theories of distributive justice, which prioritize maximizing total benefits or efficiency over equality (Huang et al, 2020).…”
Section: Allocation Preferences For Equality Versus Efficiency In Hel...mentioning
confidence: 86%
“…In contrast, preferences for efficiency highlight decisionmakers' emphasis on resource optimization (Charness & Rabin, 2002;Van Lange et al, 1997) and aversion to waste (Arkes, 1996;Zultan et al, 2010). This perspective aligns with utilitarian theories of distributive justice, which prioritize maximizing total benefits or efficiency over equality (Huang et al, 2020).…”
Section: Allocation Preferences For Equality Versus Efficiency In Hel...mentioning
confidence: 86%
“…Study 4 suggested that emotion may play a role in this phenomenon. A lot of previous research showed that emotions (e.g., anticipated regret and disappointment) play a crucial role in decisionmaking (Baron et al, 2018;Bell, 1982;Kahneman et al, 1993;Lerner et al, 2015;Loewenstein and Prelec, 1993;Sugden, 1982, 1986;Zultan et al, 2010). In Study 4, people anticipated that if they failed in the final step rather than other steps they would feel the most painful.…”
Section: Discussionmentioning
confidence: 98%