Generational Variations in Loss Aversion: Analyzing Purchase Decisions Under Limited-Time Discounts
This study explores generational variations in loss aversion and their influence on purchase decisions under limited-time discounts. By examining behavioral and psychological responses across Baby Boomers, Generation X, Millennials, and Gen Z, it identifies distinct patterns in impulse buying, calculated decision-making, and the impact of urgency-based marketing. Leveraging experimental consumer studies, key metrics such as reaction times, conversion rates, and post-purchase satisfaction are analyzed. The findings highlight the importance of tailoring urgency-driven campaigns to generational preferences while maintaining brand trust. Strategic implications for marketers emphasize personalization, authenticity, and ethical urgency tactics to optimize engagement and loyalty across diverse audiences.
Authors
- Thomas Edward Hwang
Institutions
- Auckland University of Technology (NZ)
Publication Details
- Journal
- Journal of World Economy
- Published
- 2024-12-01
- DOI
- https://doi.org/10.56397/jwe.2024.12.05
- Primary Topic
- Insurance and Financial Risk Management
- Type
- article
- Field-Weighted Citation Impact
- 0.00