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.

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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
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article

Generational Variations in Loss Aversion: Analyzing Purchase Decisions Under Limited-Time Discounts

Thomas Edward Hwang
Journal of World Economy
Insurance and Financial Risk Management
article

Generational Variations in Loss Aversion: Analyzing Purchase Decisions Under Limited-Time Discounts

Thomas Edward Hwang
article en

Abstract

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.

Journal of World EconomyVol. 3(4)
Auckland University of Technology (NZ)
Openalex Percentile: Top 69%
Insurance and Financial Risk Management
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