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Is variety the spice of life? It all depends on the rate of consumption

Published online by Cambridge University Press:  01 January 2023

Jeff Galak*
Affiliation:
Tepper School of Business, Carnegie Mellon University Posner Hall #381-D, 5000 Forbes Ave., Pittsburgh, PA 15213
Justin Kruger
Affiliation:
New York University
George Loewenstein
Affiliation:
Carnegie Mellon University
*
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Abstract

Is variety of the spice of life? The present research suggests that the answer depends on the rate of consumption. In three experiments, we find that, whereas a variety of stimuli is preferred to repetition of even a better-liked single stimulus when consumption is continuous, this preference reverses when the satiation associated with repetition is reduced by slowing down the rate of consumption. Decision makers, however, seem to under-appreciate the influence of consumption rate on preference for (and satisfaction with) variety. At high rates of consumption, they correctly anticipate their own, high, desire for variety, but at low rates of consumption people tend to overestimate their own desire for variety. These results complicate the picture presented by prior research on the “diversification bias”, suggesting that people overestimate their own desire for variety only when consumption is spaced out over time.

Information

Type
Research Article
Creative Commons
Creative Common License - CCCreative Common License - BY
The authors license this article under the terms of the Creative Commons Attribution 3.0 License.
Copyright
Copyright © The Authors [2011] This is an Open Access article, distributed under the terms of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/3.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
Figure 0

Figure 1 Enjoyment as a function of consumption rate and variety, Experiment 1. (Error bars represent standard errors.

Figure 1

Figure 2 Variety seeking behavior as a function of consumption rate and choice condition, Experiment 2. (Error bars represent standard errors.

Figure 2

Figure 3 Enjoyment as a function of consumption rate and choice condition, Experiment 2. (Error bars represent standard errors.

Figure 3

Figure 4 Variety seeking behavior as a function of consumption rate and choice condition, Experiment 3. (Error bars represent standard errors.

Figure 4

Figure 5 Variety seeking behavior as a function of consumption rate and choice condition, Experiment 3. (Error bars represent standard errors.

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