Impulsive consumption and reflexive thought: Nudging ethical consumer behavior
Journal of Economic Psychology, 2014, vol. 41, issue C, 114-128
The paper deals with impulsive consumption and highlights the roles that two aspects of reflexive thought (namely self-control and self-image motives) play in intertemporal decisions. While self-control can inhibit individuals from consuming impulsively, self-image motives can induce impulsive consumption. Based on recent neuroscientific findings about ‘wanting’–‘liking’ dissociations, the paper presents the cue-triggered ‘wanting’ mechanism as one potential explanation for the occurrence of such impulsive consumption. Utilizing the knowledge of this mechanism and acknowledging both aspects of reflexive thought, the paper expands on three libertarian paternalistic means to foster an ethical way of impulsive consumption: strengthening willpower, reducing impulsive desires to consume, and guiding impulsive behavior in ethical directions by making salient certain self-images that favor ethical consumption.
Keywords: Impulsivity; ‘Wanting’ versus ‘liking’; Ethical consumption; Libertarian paternalism (search for similar items in EconPapers)
JEL-codes: B52 D03 D91 K2 Q3 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:41:y:2014:i:c:p:114-128
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