Researchers have found that before buying a new car, consume…
Researchers have found that before buying a new car, consumers tend to look at ads for all makes and models of cars. However, once having purchased a car, consumers tend to read only ads for the kind of car they purchased. This tendency best illustrates the phenomenon known as
Read DetailsImagine that you have two friends that have each rushed a fr…
Imagine that you have two friends that have each rushed a fraternity on the campus of their university. One of the friends went through a grueling week of hazing, and the other did not. The hazed friend seems more committed to his fraternity and values his membership more than the other, un-hazed friend. This can be explained based on the concept of
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