Why consumers pay more attention to big packaging

Image
IANS New York
Last Updated : Apr 16 2014 | 4:26 PM IST

Be it a lottery ticket or a stock market, packaging them in larger categories may help attract more eyeballs, research shows.

People are more likely to make a prediction about something when it is grouped in a large category of similar items, said the study.

"One factor that can contribute to a person's flawed judgment is categorisation," said Mathew S. Isaac from Seattle University and Aaron R. Brough from Utah State University.

When making a prediction, we can become distracted by how all of the various possibilities are grouped, they said.

In a series of five experiments, the researchers investigated how changes in category size affected judgments about probability.

In one experiment, each participant was given a lottery ticket.

Lottery ticket colours varied - most of the distributed tickets were blue while some tickets were yellow.

Despite an equal probability of any ticket being drawn, participants holding blue tickets were willing to wager an average of 25 percent more money than the participants holding yellow tickets, found the study.

Offering insight on how category size can impact a person's perception of risk and probability, study results can help businesses and policymakers better communicate risk-related information.

The study appeared in the Journal of Consumer Research.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 16 2014 | 4:22 PM IST

Next Story