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Decision Making & Negotiations

See the latest research, articles and faculty on the Decision Making & Negotiations Area of Expertise at Columbia Business School.

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Decision Making & Negotiations

Decision Making & Negotiations Research

Affect Monitoring and the Primacy of Feelings in Judgment

Authors
Michel Tuan Pham, John Pracejus, and G. Hughes
Date
September 1, 2001
Format
Journal Article
Journal
Journal of Consumer Research

Multidisciplinary evidence suggests that people often make evaluative judgments by monitoring their feelings toward the target. This article examines, in the context of moderately complex and consciously accessible stimuli, the judgmental properties of consciously monitored feelings.

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Strategic Management of Expectations: The Role of Disconfirmation Sensitivity and Perfectionism

Authors
Praveen Kopalle and Donald Lehmann
Date
August 1, 2001
Format
Journal Article
Journal
Journal of Marketing Research

The authors suggest that people strategically manage—specifically, lower—their expectations to increase future satisfaction. Consumers who are more disconfirmation sensitive, that is, those who are more satisfied (dissatisfied) when a product performs better (worse) than expected, are hypothesized to have lower expectations. In contrast, the authors expect that consumers who are perfectionists will have higher expectations than those who are not. Results from a laboratory experiment and a field study are consistent with the hypotheses.

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What Drives Whom? A Cultural Perspective on Human Agency

Authors
Miriam Hernandez and Sheena Iyengar
Date
July 1, 2001
Format
Journal Article
Journal
Social Cognition

This paper examines agency as a mechanism that can predict cultural differences in human motivation. In elaborating on the theory of self-construal (Markus and Kitayama, 1991) and drawing on past research on culture, we propose that people from cultures stressing independence are more personally agentic, whereas people from cultures stressing interdependence are more collectively agentic?which results in culturally contrasting differences in cognition and human motivation.

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The Impact of Altruism and Envy of Competitive Behavior and Satisfaction

Authors
Donald Lehmann
Date
June 1, 2001
Format
Journal Article
Journal
International Journal of Research in Marketing

This paper argues that it is important to include the other party's payoff in a competitor's utility (satisfaction) function. Examples of the impact are provided as well as implications for multi-stage games (competitions). A sample of 200 provides empirical support for the critical role other party results play in satisfaction, in particular the importance of relative payoffs. Several implications emerge, including a parsimonious explanation for the exponential pattern of shares in mature markets.

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Does Greater Amount of Information Always Bolster Attitudinal Resistance?

Authors
A. Muthukirishnan, Michel Tuan Pham, and Anat Keinan
Date
May 1, 2001
Format
Journal Article
Journal
Marketing Letters

Previous research suggests that attitudinal resistance to information that challenges a prior evaluation increases with the amount of information underlying the prior evaluation. We revisit this proposition in a context in which a set of important claims about a target brand are presented either alone—a lower amount of "isolated"? information—or along with other favorable, but less important claims— a higher amount of "embedded" information. Results from two experiments show that when the challenge occurs immediately after the initial evaluation, a greater amount of "embedded"?

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Capacitated multi-item inventory systems with random and seasonally fluctuating demands: Implications for postponement strategies

Authors
Yossi Aviv and Awi Federgruen
Date
April 1, 2001
Format
Journal Article
Journal
Management Science

We address multi-item inventory systems with random and seasonally fluctuating, and possibly correlated, demands. The items are produced in two stages, each with its own lead-time; in the first stage a common intermediate product is manufactured. The production volumes in the first stage are bounded by given capacity liits. We develop an accurate lower bound and close-to-optimal heuristic strategies of simple structure. The gap between them, evaluated in an extensive numerical study, is on average only 0.45%.

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What Is It? Categorization Flexibility and Consumers' Responses to Really New Products

Authors
C. Moreau, Arthur Markman, and Donald Lehmann
Date
March 1, 2001
Format
Journal Article
Journal
Journal of Consumer Research

To understand really new products, consumers face the challenge of constructing new knowledge structures rather simply changing existing ones. Recent research in categorization suggests that one strategy for creating representations for these new products is to use information already contained in familiar product categories. While knowledge from multiple existing categories may be relevant, little research has examined how (and if) consumers process information drawn from more than one domain.

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Beyond the Obvious: Chronic Imagery Vividness and Decision Making

Authors
Michel Tuan Pham, Tom Meyvis, and Rongrong Zhou
Date
March 1, 2001
Format
Journal Article
Journal
Organizational Behavior and Human Decision Processes

The authors investigate two competing hypotheses about how chronic vividness of imagery interacts with the vividness and salience of information in decision making. Results from four studies, covering a variety of decision domains, indicate that chronic imagery vividness rarely amplifies the effects of vivid and salient information. Imagery vividness may, in fact, attenuate the effects of vivid and salient information. This is because, relative to nonvivid imagers, vivid imagers rely less on information that appears obvious and rely more on information that seems less obvious.

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Contingent Effects of Anxiety on Message Elaboration and Persuasion

Authors
Jaideep Sengupta and Gita Johar
Date
February 1, 2001
Format
Journal Article
Journal
Personality and Social Psychology Bulletin

This research examined the effects of anxiety on subsequent message processing. Experiment 1, conducted just before the handover of Hong Kong to China in 1997, manipulated anxiety by presenting Hong Kong participants with negative or positive potential consequences of the handover. Consistent with research documenting the cognitive deficits produced by anxiety, lower levels of message elaboration were obtained under high (vs. low) anxiety for an anxiety-unrelated message.

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