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Post-purchase rationalization

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Title: Post-purchase rationalization  
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Post-purchase rationalization

Post-purchase rationalization, also known as Buyer's Stockholm Syndrome, is a cognitive bias whereby someone who has purchased an expensive product or service overlooks any faults or defects in order to justify their purchase. It is a special case of choice-supportive bias.

Expensive purchases often involve a lot of careful research and deliberation, and many consumers will often refuse to admit that their decision was made in poor judgment. Many purchasing decisions are made emotionally, based on factors such as brand-loyalty and advertising, and so are often rationalized retrospectively in an attempt to justify the choice.

Contents

  • Example 1
  • Causes 2
  • See also 3
  • References 4

Example

For example, a consumer cannot decide between two popular video game consoles, but in the end decides to purchase the one that many of their peers also own. After purchasing it, they may find few games for their console worth purchasing, and more for the console they did not purchase. However, they do not wish to feel they made the wrong decision, and so will attempt to convince themselves, and their peers, that their original choice was the correct one, and the consumer's opinion is better than everyone's opinion, i.e. using sour grapes arguments.[1]

Causes

This rationalization is based on the Principle of Commitment and the psychological desire to stay consistent to that commitment. Some authorities would also consider this rationalization a manifestation of cognitive dissonance.

See also

References

  1. ^ Joel B. Cohen; Marvin E. Goldberg (August 1970). "The Dissonance Model in Post-Decision Product Evaluation". Journal of Marketing Research (American Marketing Association) 7 (3): 315–321.  


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