Feeling and Thinking in Memory-Based versus Stimulus-Based Choices

Yuval Rottenstreich, Sanjay Sood and Lyle Brenner

Journal of Consumer Research, 2007, vol. 33, issue 4, 461-469

Abstract: We contrast memory-based and stimulus-based choices, using dual-process theories such as Kahneman and Frederick's system 1/system 2 dichotomy. Systems 1 and 2 are conceptualized as distinct modes of thought, the former automatic and affective, the latter controlled and deliberate. Cognitive load impedes system 2, yielding greater reliance on system 1. In memory-based choice, consumers must maintain relevant options in working memory. Thus, memory-based choices are associated with greater cognitive load than stimulus-based choices. Indeed, we find that memory-based choices favor immediately compelling, affect-rich system 1 options, whereas stimulus-based choices favor affect-poor options whose attractiveness emerges from deliberative system 2 thought. (c) 2007 by JOURNAL OF CONSUMER RESEARCH, Inc..

Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:oup:jconrs:v:33:y:2007:i:4:p:461-469

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