How Impulsivity influences the Post-purchase Consumer Regret?

Author:

Sokić Katarina1,Horvat Đuro1,Martinčić Sanja Gutić1

Affiliation:

1. EFFECTUS - College for Law and Finance , Zagreb , Croatia

Abstract

Abstract Background The role of impulsivity in post-purchase consumer regret is unclear and intriguing because of the negative emotions that underlie both constructs. It is particularly important to examine the impact of impulsivity on the relationship between regret and the Emotionality dimension of the HEXACO model of personality. Objectives The purpose of this paper was to investigate the associations between consumer regret components: outcome regret and process regret, attention, motor and non-planning dimensions of impulsivity and Fearfulness, Anxiety, Dependence and Sentimentality domains of Emotionality. Methods/Approach The sample consisted of undergraduates from Zagreb, Croatia (M age = 25.93, 56% females). The correlation and the regression analysis were performed. We used the Baratt impulsivity scale (BIS-11), the HEXACO-PI-R Emotionality scale and the Post Purchase Regret Scale (PPRS). Results The PPCR total score was associated with the BIS-11 total score, attention and non-planning impulsivity. Regret due to foregone alternatives was related to attention and non-planning impulsivity, while regret due to a change in significance was related only to attention impulsivity. Regret due to under-consideration positively correlated with non-planning impulsivity. Conclusions The results indicate that relations between impulsivity and consumer regret have an important role in understanding consumer behavior and that impulsivity has a moderate association between consumer regret and Emotionality.

Publisher

Walter de Gruyter GmbH

Subject

Management of Technology and Innovation,Economics, Econometrics and Finance (miscellaneous),Information Systems,Management Information Systems

Reference53 articles.

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3. 3. Ashton, M. C., Lee, K., de Vries, R. E. (2014), “The HEXACO honesty-humility, agreeableness, and emotionality factors”, Personality and Social Psychology Review, Vol. 18 No. 2, pp.139-152.

4. 4. Babarović, T., Šverko, I. (2013), “The HEXACO personality domains in the Croatian sample”, Društvena istraživanja, Vol. 22 No. 3, pp. 397-411.

5. 5. Buchanan, J., Summerville, A., Lehmann, J., Reb, J. (2016), “The regret elements scale: Distinguishing the affective and cognitive components of regret”, Judgment and Decision Making, Vol. 11 No. 3, pp. 275-286.

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