Anda di halaman 1dari 16

TUGAS FINAL REVIEW ARTIKEL

“The Effects Of The Subjective-Experiential Knowledge Gap On


Consumers Information Search Behavior And Perceptions Of
Consumption Risk”

SEMINAR PEMASARAN

Dosen Pengampu: Dr. Juharsah, S.E, M.Si.

OLEH:

AZMAN B1B120101

JURUSAN MANAJEMEN

FAKULTAS EKONOMI DAN BISNIS

UNIVERSITAS HALU OLEO

TAHUN 2023
REVIEW ARTIKEL
Judul Artikel The Effects Of The Subjective-Experiential Knowledge Gap On Consumers Information
Search Behavior And Perceptions Of Consumption Risk (Efek dari kesenjangan pengetahuan
pengalaman-subjektif pada perilaku pencarian informasi konsumen dan persepsi risiko
konsumsi)

Penulis Saeed Tajdini

Nama Jurnal Journal of Business Research

Tahun, halaman 135 (2021) Pages 66–77

Fenomena Pengetahuan konsumen sebagai konsep sentral dalam pencarian informasi konsumen dan
pengambilan keputusan penting dan bukan hal baru dalam riset konsumen). Mungkin salah
Permasalahan satu alasan pentingnya konsep ini adalah pencarian informasi merupakan tahap awal dan
Awal konsekuensial dalam proses pengambilan keputusan konsumen. Secara khusus, produk yang
tidak berhasil diakui sepenuhnya pada tahap ini akan memiliki peluang yang buruk untuk
mendarat di tahap selanjutnya dari proses pengambilan keputusan perangkat pertimbangan
konsumen dan akhirnya keranjang belanja

Tujuan Penelitian Tujuan penelitian ini adalah untuk mengkaji bagaimana Subjective-Experiential Knowledge
Gap (SEKG) mempengaruhi persepsi risiko konsumsi dan pentingnya pencarian informasi
eksternal

Hipotesis Hipotesis 1: Keterlibatan berkorelasi positif dengan SEKG.


Hipotesis 2: Pendidikan berkorelasi positif dengan SEKG.
Hipotesis 3: Individu dengan SEKG tinggi.
Hipotesis 4: Efek risiko konsumsi pada pentingnya pencarian eksternal berbeda secara
signifikan pada individu dengan SEKG rendah dan tinggi
Kerangka
Pemikiran

Populasi dan Populasindengan menggunakan Amazon MTtruk membayar biaya tambahan untuk
Sampel menggunakan fitur Amazon MTurk yang membatasi responden hanya untuk mereka yang
telah mengikuti setidaknya 1.000 survei di platform,,506 responden direkrut di Amazon
MTurk. Data yang diperoleh dari Amazon MTurk setidaknya dapat diandalkan seperti yang
diperoleh melalui metode tradisional. mengambil beberapa tindakan ex-ante tambahan untuk
lebih memastikan kualitas dari data.

Metode Pertama, dalam uraian tugas yang menjelaskan survei kepada calon peserta, kami meminta
Pengambilan agar survei hanya dilakukan oleh mereka yang berpengalaman dengan kelas produk yang
Sampel sedang dipertimbangkan. Kedua, kami membayar biaya tambahan untuk menggunakan fitur
Amazon MTurk yang membatasi responden.
Hanya untuk mereka yang telah mengikuti setidaknya 1.000 survei di platform, dengan
peringkat persetujuan setidaknya 99% dari peneliti sebelumnya. Ketiga, kami menyematkan
beberapa jebakan perhatian dalam survei (misalnya, pertanyaan pilihan ganda yang menguji
perhatian “Tentang apa survei ini?” atau “Harap pilih [salah satu opsi]”). Enam belas
responden yang jatuh ke dalam perangkap tersebut dikeluarkan dari sampel.

Metode Penelitian Responden diminta untuk menjawab pertanyaan sambil mempertimbangkan kelas produk
(misalnya lemari es) yang dipilih secara acak dari daftar 14 kelas produk (penerbangan, mobil,
ponsel, kosmetik, deterjen, instrumen, internet, jeans, perhiasan, jus, film, lemari es, sampo,
dan universitas). Daftar ini dibuat untuk memasukkan berbagai macam barang dan jasa
dengan berbagai karakteristik, untuk meningkatkan generalisasi temuan

Hasil dan Bahasan Menunjukkan hasil analisis Keterlibatan bertanda positif signifikan, mendukung hipotesis 1.
Seperti yang dihipotesiskan, pendidikan juga memiliki tanda positif tetapi pengaruhnya tidak
signifikan, tidak mendukung hipotesis 2. hipotesis 3, dilakukan independent sample t-test,
yang mengungkapkan bahwa ada perbedaan yang signifikan antara pentingnya pencarian
eksternal pada kelompok SEKG tinggi (M = 18,304, SD = 6,172) dan kelompok SEKG rendah
( M =16.897, SD = 5.013); t(485), p = 0,006. Dengan demikian, hipotesis 3 didukung.
meskipun risiko konsumsi berkorelasi positif dengan pentingnya pencarian eksternal pada
kelompok SEKG tinggi, hubungan ini terputus pada kelompok SEKG rendah. Oleh karena
itu, hipotesis 4 didukung
Kesimpulan Penemuan menunjukkan bahwa keterlibatan dengan suatu produk berkorelasi positif dengan
SEKG. Selain itu, mengamati bukti SEKG yang lebih tinggi di antara wanita dan individu
yang lebih muda. Kami juga menemukan bahwa pentingnya pencarian eksternal berbeda
secarasignifikan antara individu dengan SEKG rendah dan tinggi.
Journal of Business Research 135 (2021) 66–77

Contents lists available at ScienceDirect

Journal of Business Research


journal homepage: www.elsevier.com/locate/jbusres

The effects of the subjective-experiential knowledge gap on consumers’


information search behavior and perceptions of consumption risk
Saeed Tajdini
School of Business, Indiana University Southeast, 4201 Grant Line Road, New Albany, IN 47150, United States

A R T I C L E I N F O A B S T R A C T

Keywords: This research examines how the Subjective-Experiential Knowledge Gap (SEKG) influences perceptions of con­
Consumer knowledge sumption risk and the importance of external information search. Guided by information processing theories, we
Consumer information search behavior identify some determinants of SEKG and show that the perceived importance of external information search is
Risk perception
significantly different across levels of SEKG. Motivated by this, we then investigate the moderating role of SEKG
Metacognition
Information processing
in relationships among consumption risk, its determinants, and the importance of external information search.
Structural equation modeling Results show that individuals low and high on SEKG differ in what product characteristics they view as sources of
consumption risk. Moreover, only in the high-SEKG group, increased consumption risk leads to an increased
importance placed on external information search. This research expands our understanding of what determines
SEKG and how this metacognitive construct affects perceptions of consumption risk and information search.
Businesses and public policymakers can increase the receptiveness toward their communications by leveraging
SEKG.

One who knows and knows that he knows may surely reach the peak Surrounded by imperfect knowledge and an overload of information,
of prosperity; consumers resort to cues and heuristics that allow for convenient deci­
One who knows but does not know that he knows will die of thirst sion making (Lavoie, 2004), which may involve judging how much they
despite living by a river; know about the decision situation—metacognitive judgments whose
One who does not know and knows that he does not know can reach accuracy is only as valid as those cues and heuristics are (Koriat, 2007).
the destination, albeit limping; As such, taking these shortcuts can lead to a variety of metacognitive
But one who does not know and does not know that he does not know and knowledge-related biases. Some of these biases may be intentional
is damned to eternal oblivion. (Golman, Hagmann, & Loewenstein, 2017) and rooted in “tendencies to
-Translation of a poem by Ibn Yamin, a Persian poet ignore relevant aspects of decision-making” (Barrafrem, Västfjäll, &
Tinghög, 2020, p. 28). As such, individuals who intentionally decide not
to pursue or use information have been called “homo ignorans” (Hertwig
1. Introduction
& Engel, 2016) or specific sub-species of them such as “financial homo
ignorans” (Barrafrem et al., 2020). At other times though, the bias may
Consumer knowledge as a central concept in consumer information
be less intentional and instead result from consumers’ inaccurate but
search and decision-making is important (Flynn & Goldsmith, 1999) and
honest self-perceived knowledge of a consumption situation (Alba &
not new to consumer research (Pillai, Brusco, Goldsmith, & Hofacker,
Hutchinson, 2000). As a result, researchers distinguish between 1)
2015). Perhaps one reason for the importance of this concept is that
objective knowledge—what consumers actually know about a product
information search is an early and consequential stage in the consumer
class, 2) subjective knowledge—what they think that they know, and 3)
decision-making process. In particular, products that are not success­
what can be called experiential knowledge—what they have learned by
fully recognized in this stage will have poor chances at landing in the
actually using the product class (Brucks, 1985).
next stages of the decision process—the consumer’s consideration set
It must be noted that the bias under consideration here—resulting
and ultimately shopping cart.
from the gap between subjective and experiential knowledge—is
But one’s knowledge is not perfect, as suggested by the poem above.
distinct from passive avoidance of information (see Sweeny, Melnyk,

E-mail address: stajdini@ius.edu.

https://doi.org/10.1016/j.jbusres.2021.06.025
Received 12 December 2020; Received in revised form 8 June 2021; Accepted 10 June 2021
Available online 19 June 2021
0148-2963/© 2021 Elsevier Inc. All rights reserved.
S. Tajdini Journal of Business Research 135 (2021) 66–77

Miller, and Shepperd (2010) for a thorough discussion on information that they know (subjective knowledge) and what they may know via
avoidance). While passive avoidance refers to the neglect of additional their experience with a product class (experiential knowledge) (Brucks,
information on a topic not favored for some reason, the subjective- 1985).
experiential knowledge gap relates to individuals’ neglect of addi­ Consumers use two general categories of information sources: in­
tional information simply because they do not feel the need for it. ternal and external (Murray, 1991). Over time, consumers store infor­
Referring to the poem by Ibn Yamin in the opening of the paper, these mation in their memory about their past purchases, including
are the individuals who do not know and do not know that they do not experiences in a product class and previous learning about the envi­
know. ronment. Consumers’ memories can act and be referred to as the internal
While researchers have examined the effects of consumer knowledge source of information (Bettman, 1979). Consumers generally begin their
on a variety of consumer phenomena (Alba & Hutchinson, 2000; Dodd, information search with the internal search, and they may conduct no
Laverie, Wilcox, & Duhan, 2005; Lind et al., 2020; Packard & Wooten, further search if they find the internal information sufficient. However,
2013), much less is known about the relationships among information if they realize that the internal information at their disposal is insuffi­
users’ knowledge and different sources of information (Ratchford, cient or that it is contradictory with itself, they may resort to external
2001). In fact, researchers have been advised to consider “a wider, ho­ information search (Choi, 1993). In the external search, consumers seek
listic view of the information user” in the study of information search additional information from sources such as advertisements and news
behavior (Wilson, 1981, p. 10). Specifically, the dynamics between in­ from various media, public relations, family, friends, package labels,
formation users’ self-perceived and actual knowledge deserve more marketing material, etc. Broadly speaking, these external sources can be
consideration (Vigar-Ellis, Pitt, & Berthon, 2015). put into three categories: 1) marketers, 2) personal others (whom they
Despite their merits, even the studies that have focused on this personally know), and, 3) impersonal others (whom they do not
phenomenon suffer from two major shortcomings: they often do not personally know) (Engel, Blackwell, & Miniard, 1986).
simultaneously include all sources of external information and they While there have been different approaches to the study of consumer
examine only a limited set of product classes (e.g., Babić Rosario, Sotgiu, information search, the psychological approach has been an especially
De Valck, & Bijmolt, 2016; Huang, Lurie, & Mitra, 2009; Moon, Bergey, useful one (Schmidt & Spreng, 1996). This approach is pertinent to the
& Iacobucci, 2010; Zhu & Zhang, 2010). The first drawback to this current study since individuals’ assessment of their judgments may have
practice is based on the observation that different information sources a trait-like quality (Alba & Hutchinson, 2000). Moreover, the literature
may be correlated (Dhar & Chang, 2009; Ratchford, Lee, & Talukdar, on metacognition underscores the individual-level intricacies in infor­
2003; Simonson & Rosen, 2014). Therefore, not simultaneously incor­ mation search behavior (Blummer & Kenton, 2014). The psychological
porating these information sources in analyses may lead to biased re­ approach postulates about the psychological and motivational processes
sults. Moreover, given the evidence that consumers’ reliance on driving consumer information search behavior and information pro­
different information sources varies from one product class to the next cessing. This approach revolves around three major constructs: moti­
(Klein & Ford, 2003), examining a small set of product classes may raise vation, involvement, and knowledge (Kim & King, 2009). One of the
generalizability concerns. most frequently referenced theories in the psychological approach is the
To fill these voids, the current study sets its goal to 1) investigate the Elaboration Likelihood Model (ELM) (Petty & Cacioppo, 1981), which
individual-level characteristics that determine the subjective- pertains to individuals’ use of different information processing modes.
experiential knowledge gap (SEKG) from an information processing As such, ELM can be particularly illuminative to the study of SEKG—a
perspective, and 2) investigate the effects of SEKG on consumers’ cognitive bias—since cognitive biases are idiosyncratic and depend on
perceived1 importance of external information search. In its examina­ individuals’ specific modes of information processing (Alba & Hutch­
tion of these phenomena, the current study covers a wide range of inson, 2000).
product classes and all three major types of external information sources ELM suggests that individuals may take one of two distinct routes to
to circumvent the pitfalls mentioned previously. Section two of the information processing. One route is called the central route, which
paper addresses the first goal, and section three addresses the second involves effortful cognitive endeavors in which individuals carefully
goal. peruse all of the information presented. Using the central route, in­
dividuals contemplate the contents of the received information and
2. The Subjective-Experiential knowledge gap (SEKG): Its actively generate positive and/or negative thoughts toward it (Petty &
definition, antecedents, measurement, and relationship with Cacioppo, 1979). Alternatively, individuals might process information
external information search through the peripheral route, using simple cues and heuristics with
minimum elaboration (Petty & Cacioppo, 1983; Petty, Wegener, Fab­
2.1. Conceptual background rigar, Priester, & Cacioppo, 1993).
The reason that ELM has been extensively used to study consumer
When making purchase decisions, individuals go through a process information search is that this model can explain consumers’ choice of
called the consumers’ decision-making process. This process includes information sources based on their motivation and ability, which is also
five stages (Solomon, 2009): 1) Need or problem recognition—which is congruent with the theorizations of Bettman and Park (1980). In other
stimulated by a comparison between the ideal and status-quo situations, words, ELM asserts that when consumers are motivated and able to take
2) information search—defined as retrieving knowledge from memory the central route and elaborate on the information, they may opt for
or external sources, 3) evaluation of alternatives—which involves sources that can provide them with detailed and rich information. On
evaluating rival options, 4) purchase decision—which is about pur­ the other hand, consumers may suffice to use the more simplistic, su­
chasing the chosen option, and 5) post-purchase evaluation—which perficial, and readily accessible kinds of information if they lack moti­
includes re-evaluating the chosen option based on its performance. This vation and/or ability to engage in effortful elaboration. Contextualized
study centers on the second stage—the information search stage. Spe­ to this study, ELM suggests that individuals low on SEKG—who on
cifically, this study focuses on the gap between what consumers think average have more experience with a product class—may not have the
motivation or ability to reach external information sources, which
arguably may provide more detailed and rich information than one can
1
For the sake of brevity, we will refrain from always prefixing the word humanly hold in memory (Maity, Dass, & Kumar, 2018). Nevertheless,
“perceived” in reference to the importance of information search and con­ in the absence of motivation and ability to activate their central pro­
sumption risk constructs throughout the paper. However, every such reference cessing route, low-SEKG individuals may not pursue external informa­
should imply the consumer’s perceptions of these constructs. tion to the same degree as high-SEKG individuals do.

67
S. Tajdini Journal of Business Research 135 (2021) 66–77

Researchers have represented motivation by a variety of factors, Hypothesis 2: Education is positively correlated with SEKG.
most dominantly by involvement (Celsi & Olson, 1988; Maheswaran & As mentioned previously in this section, consumers use two main
Sternthal, 1990). There has been evidence that involvement influences types of information sources: internal and external. One of the main
consumers’ cognitive and behavioral patterns during the decision- tenets of information processing theories is that consumers start their
making process (Chakravarti & Janiszewski, 2003; Kokkinaki, 1999). search with internal sources and resort to external sources only if the
While involvement may have different conceptualizations, in the current former fails to satisfy their information needs (Choi, 1993). In light of
context, it reflects the personal relevance of a product class to the con­ this, one could argue that SEKG is conceptually related to the external
sumer (Richins & Bloch, 1986; Judith Lynne Zaichkowsky, 1985). search. Specifically, high-SEKG individuals—whose experiential
Several studies have established a positive relationship between knowledge relative to their subjective knowledge is poorer—may deem
involvement and external information search efforts (Beatty & Smith, their internal information insufficient and seek external information.
1987; Dholakia, 2001). Therefore, we argue that individuals who are This is because internal information source is constructed on previous
more involved with a product class are more likely to engage in external experiences with a product class and, by definition, high-SEKG in­
search, leading to increased subjective knowledge, and, by that, dividuals have less experience to rely on. Therefore, they may
increased SEKG. In other words, as involvement with a product class compensate for it by more heavily relying on external information
increases, individuals may gain more confidence about their knowledge sources than their low-SEKG counterparts do who, by definition, have
of the product since they are motivated to spend more time thinking more experience with the product class to nullify the need to rely as
about it, carefully read package labels, ask friends and family about their heavily on external information search. Accordingly, we put forth the
experiences with the product, or read in-depth expert reviews on the following hypothesis:
product. It must be noted that since SEKG is operationalized as subjec­ Hypothesis 3: High-SEKG individuals put significantly more impor­
tive knowledge minus actual knowledge, for increased involvement to tance on external information sources than low-SEKG individuals do.
lead to increased SEKG as proposed here, the resulting increase in sub­ Following the literature, we also control for income, age, and gender
jective knowledge must be greater than the potential resulting increase (Barrafrem et al., 2020; Tinghög et al., 2016). Moreover, social desir­
in actual knowledge. Perhaps the phenomenon of window shopping is a ability bias was measured and controlled for since respondents may wish
good example of this. Involved shoppers may spend time window to report their knowledge in a socially desirable way. Fig. 1 shows the
shopping, potentially increasing their self-perceived knowledge of the proposed antecedents of the SEKG, its relationship with external search,
products on the other side of the window, perhaps without ever laying a as well as the control variables in the model.
hand on the product (actual knowledge). Supporting evidence for this
assumption comes from Flynn and Goldsmith (1999) who documented a 2.2. Method
stronger correlation between involvement and subjective knowledge
than involvement and actual knowledge. Besides, it stands to reason that 2.2.1. Data
involvement, as a psychological state, be more strongly related to per­ After an a priori RMSEA-based power analysis (MacCallum, Browne,
ceptions of knowledge rather than actual knowledge. Against this & Cai, 2006) as well as an examination of traditionally accepted lower
backdrop, we put forth the following hypothesis: bounds of sample size for SEM models with comparable structure (Kline,
Hypothesis 1: Involvement is positively correlated with SEKG. 2015; Nunnally, 1994; Westland, 2010), 506 respondents were recruited
Besides motivation, the ability to search is another factor that in­ on Amazon MTurk. “The data obtained from Amazon MTurk are at least
fluences search behavior, according to ELM. Schmidt and Spreng (1996) as reliable as those obtained via traditional methods.” (Buhrmester,
defined the ability to search as the perceived cognitive capability of Kwang, & Gosling, 2016, p. 3). Given this, it is not surprising that an
searching for and processing information. These authors used education increasing number of researchers have been utilizing this source (Etkin,
as one proxy for the ability to search and posited a positive relationship 2016; Garinther, Mayorga, Västfjäll, & Slovic, 2019). Nonetheless, we
between education and external information search. Accordingly, we took several additional ex-ante measures to further ascertain the quality
argue that individuals who are more educated are more engaged and of the data. First, in the task description that explained the survey to
efficient in external search (Bhatnagar & Ghose, 2004; Klein & Ford, would-be participants, we asked that only those with experience with
2003) leading to increased subjective knowledge, and, through that, the product class under consideration take the survey. Second, we paid
increased SEKG. For example, individuals with higher education can extra fees to use an Amazon MTurk’s feature that limits the respondents
digest technical articles on products that are not readily digestible by to only those who had taken at least 1,000 surveys on the platform, with
those with lower levels of education. Complementary to this, it stands to at least 99% approval rating from the previous researchers. Third, we
reason to argue that highly educated individuals may also develop some embedded in the surveys some attention traps (e.g., the attention-testing
kind of intellectual hubris that leads to inflated perceptions of subjective multiple-choice questions “What was this survey about?” or “Please only
knowledge. Via the joint effect of these two parallel forces, highly choose [one of the options]”). Sixteen respondents who fell into those
educated individuals may have higher SEKG than less-educated traps were excluded from the sample. Besides, three responses that were
individuals. completed too quickly (determined by a post hoc visual inspection of the
Similar to what was said previously with regards to the effects of boxplot of the completion time) but had passed the attention traps were
involvement on SEKG, since SEKG is operationalized as subjective eliminated. After implementing these quality control measures, 19 re­
knowledge minus actual knowledge, for increased education to lead to sponses were removed, leading to a usable sample of 487 responses.
increased SEKG as argued here, the resulting increase in subjective Appendix A shows the demographic characteristics of the sample.
knowledge must be greater than the potential resulting increase in Respondents were told to answer the questions while considering a
actual knowledge. This assumption is warranted here since highly product class (e.g., refrigerators) that was randomly selected from a list
educated individuals may grow confident (Heath & Tversky, 1991; of 14 product classes (airline, automobile, cellphone, cosmetics, deter­
Jansen, Curşeu, Vermeulen, Geurts, & Gibcus, 2013), or perhaps over­ gent, instrument, Internet, jeans, jewelry, juice, movie, refrigerator,
confident, in their knowledge of a product class as they engage in shampoo, and university). This list was constructed to include a wide
extensive and high-skilled external information search. However, this variety of goods and services with varying characteristics, to increase
search in itself does not necessarily constitute any new experiential the generalizability of the findings.
learning. Under these circumstances, as subjective knowledge increases
but experiential knowledge remains unchanged or increases to a lesser 2.2.2. Variables and measures
degree, SEKG has no alternative but to increase. Accordingly, we Involvement and subjective knowledge were measured by scales
conceive the following hypothesis: developed by Novak, Hoffman, and Yung (2000) and Flynn and

68
S. Tajdini Journal of Business Research 135 (2021) 66–77

Controls:
• Age
• Gender
• Income
• Social Desirability Bias

Involvement

Subjective- Importance of
Experiential- H3 External
Knowledge Search
Gap (SEKG)

Education

Fig. 1. The individual-level antecedents of Subjective-Experiential-Knowledge Gap (SEKG), its relationship with external search, and the control variables.

Goldsmith (1999), respectively. For experiential knowledge, we used desirability bias was measured by a summated variable composed of 10
two questions that measured the respondents’ level of actual experience items of the Balanced Inventory of Desirable Responding (BIDR) (D. L.
with the product class under consideration. One question measured the Paulhus, 1988) to keep the overall scale parsimonious. Additionally,
cumulative level of experience and the other measured frequency of since the current study is a cross-sectional study with self-reported data,
experience. Common Method Variance (CMV) may confound the relationships
To compute the SEKG as a continuous variable to be used in the test among the constructs (Chang, Van Witteloostuijn, & Eden, 2010).
of the first two hypotheses, we first standardized the subjective and Following Zeugner-Roth, Žabkar, and Diamantopoulos (2015), an item
experiential knowledge scores and calculated an individual’s SEKG unrelated to the model constructs was included in the survey to be later
score as his/her average subjective knowledge minus average experi­ used to check for the presence of CMV.
ential knowledge. This way, the greater the excess of individuals’ sub­ The importance of information sources was measured on a 0–10 scale
jective knowledge over their experiential knowledge is, the greater their to increase the variability in the dependent variable. All of the other
SEKG scores will be. scales used 7-point Likert items, anchored at the endpoints with strongly
To test hypothesis 3, we dichotomized SEKG for ease of analysis and disagree (1) and strongly agree (7). All of the scales used in this study are
communication clarity (Iacobucci, Posavac, Kardes, Schneider, & produced in appendix B.
Popovich, 2015), following similar studies (Fellner & Maciejovsky,
2007). Dichotomization was done using SEKG’s median value as the cut 2.2.3. Analysis
point. However, to ensure that this arbitrarily-set cut point will not lead In many economics studies, regression is an appropriate method for
to spurious findings (Cohen, 1983), we replicated our analyses with objectively-measured data that can convincingly grant regression’s no
different cut points. Specifically, this time we categorized SEKG using measurement error assumption. However, in studies like the current
the 33rd and 67th percentiles as cut points to create three categories of one, it is widely accepted that questionnaire data do suffer from mea­
equal size. We then discarded the middle group and repeated the anal­ surement errors (Steenkamp & Baumgartner, 2000). Structural Equation
ysis with the lowest- and highest-SEKG groups. The conclusions of our Modeling (SEM), on the other hand, can handle measurement error and
analyses remained intact. Thus, we proceeded with the original median- thus is particularly useful in social sciences (Westland, 2010). SEM acts
split SEKG variable with two categories since it exploited the entire as a two-step procedure: first, it invokes a measurement model, and then
sample. it imputes a structural model, thus accounting for possible measurement
As will be further discussed in the limitations section, this oper­ error in the estimation of the structural model (Bagozzi, 1983). As such,
ationalization of SEKG has the shortcoming of classifying as low-SEKG we use SEM and the software AMOS version 24 for testing the model.
all individuals high or low on both subjective and experiential knowl­ Before relying on SEM results, however, its assumptions need to be
edge, without distinguishing between the two subgroups. As such, it checked. These assumptions include sampling adequacy, absence of
cannot be claimed that all members of the low-SEKG group have more extreme multicollinearity, and normality (Joseph F. Hair, Black, Babin,
experience than all members of the high-SEKG group. Instead, the two Anderson, & Tatham, 1998). Sampling adequacy was ascertained by a
groups must be compared on an average basis, as is done throughout this Kaiser-Meyer-Olkin (KMO) value of 0.750 (Baek, Kim, & Yu, 2010).
paper. Moreover, an examination of Variance Inflation Factor (VIF) values
To compute the importance of external search, we summated the suggested no threatening levels of multicollinearity since no VIF value
importance scores of the three main external information sources was close to the upper threshold of 5 (Joe F. Hair, Ringle, & Sarstedt,
(marketers, personal others, and impersonal others). Income, gender, 2011). The third assumption—joint normal distribution of the observed
age, and education were measured by traditional demographic items. variables—was not satisfied, as is frequently the case in practice
Following Steenkamp, De Jong, and Baumgartner (2010), social (Hwang, Malhotra, Kim, Tomiuk, & Hong, 2010; Micceri, 1989). Thus,

69
S. Tajdini Journal of Business Research 135 (2021) 66–77

following Stevens (2012), we examined kurtosis values for individual experiential knowledge of a product class to a greater extent than less
variables. Kurtosis values larger than three in magnitude may suggest involved individuals. This may be explained by highly-involved in­
that a variable is not normally distributed (Westfall & Henning, 2013), dividuals’ higher willingness to spend more resources to search for in­
which was not the case for any of the variables in our model. As a result, formation on the product class (Bloch, 1981; Judith L. Zaichkowsky,
we proceeded with the traditional type of SEM (CB-SEM). Finally, in 1986), which may result in a feeling of familiarity with the product class
evaluating our models, we use not only the chi-square test but also a and thus an overestimation of knowledge of it.
variety of non-normed, absolute, and comparative fit indices, which Additionally, results showed that SEKG is positively related to the
must make our overall conclusions less sensitive to non-normality (Lei & importance of external information search. This may be explained by the
Lomax, 2005). fact that high-SEKG individuals are relatively lower on actual experience
with a product class on average. As a result, they may have a more
limited internal information source than low-SEKG individuals. Thus,
2.3. Results
realizing that their internal information may not be sufficient for the
consumption situation, they may be more likely to resort to external
Before attempting to interpret the SEM results, some preliminary
information in a compensatory reaction (Choi, 1993).
analyses are due. First, to check for the potential confounding effects of
Finally, with regards to the control variables, we did not find any
social desirability bias, the correlations between the BIDR scale and each
significant effects of income on SEKG. Perhaps, in this day and age of
of the constructs in the model were analyzed. Although some of the
diminishing costs of information, income does not determine levels of
correlations turned out to be significant, the magnitude of the correla­
knowledge in the context of this study. Socially desirable responding
tion coefficients was smaller than the upper threshold of 0.20 in all cases
(SDR) did not show any significant relationship with SEKG either.
(Steenkamp et al., 2010), suggesting that social desirability bias is not a
However, results show that females are more likely to overestimate their
significant threat to the validity of the findings. Second, we performed
knowledge of a product class relative to their experiential knowledge,
Harman’s one-factor test to check for common method variance (CMV)
compared to males. Lastly, the results suggest that as individuals grow
(Harman, 1976; N. P. Podsakoff, 2003). EFA identified multiple factors
older, their SEKG levels shrink perhaps due to accumulating more
with eigenvalues larger than one in the non-rotated factor structure,
experiential knowledge.
with none of the factors explaining more than 50% of the variance,
suggesting that CMV is not an issue (P. M. Podsakoff & Organ, 1986).
Finally, with regards to the model’s performance, the fit indices indi­ 3. Exploring the causal link between the Subjective-Experiential
cated reasonable fit with the data (χ2 = 86.650, degrees of freedom = knowledge gap (SEKG) and the importance of external
24; CMIN/DF = 3.610; CFI = 0.950; TLI = 0.906; RMSEA = 0.073, information search
HOELTER (α = 0.05) = 205). While the RMSEA of 0.073 reflects only a
reasonable fit and does not reach the “good fit” threshold, we concluded In section two of the paper, we developed the metacognitive
the fit to be acceptable based on a collective view of the fit indices. construct of SEKG and a simple measure for it. Guided by the Elabora­
Moreover, the p of Close Fit (PCLOSE) of the model is greater than 0.05, tion Likelihood Model, we then showed that SEKG can be well predicted
suggesting that the fit of the model is “close,” after taking into account using only two individual-level predictors while controlling for a few
possible sampling error and the traditionally-positive bias of the RMSEA more. Moreover, we provided evidence of the relationship between
metric (Kenny, 2020). Table 1 shows the results of the analysis. SEKG and the importance of external information search. Motivated by
Involvement has a significant positive sign, supporting hypothesis 1. this finding, section three investigates the causal links in this
As hypothesized, education also has a positive sign but its effect is not relationship.
significant, not supporting hypothesis 2.
To test hypothesis 3, an independent samples t-test was conducted,
3.1. Conceptual background
which revealed that there is a significant difference between the
importance of external search in the high-SEKG group (M = 18.304, SD
What potential mechanism may explain the relationship between
= 6.172) and the low-SEKG group (M = 16.897, SD = 5.013); t(4 8 5), p
SEKG and the importance of external information search that was found
= .006. As such, hypothesis 3 is supported.
in section two? Consumers may feel the need to go beyond the internal
search and engage in the external search for a variety of reasons. One
2.4. Discussion such reason that may facilitate external search is the perceived risk of
consumption (Murray, 1991). That is, the higher the risk of consuming a
The results suggest that ELM has been successful in identifying product, the higher the extent of the external search. Moreover, we
motivation- and ability-related determinants of SEKG. Specifically, re­ argue that consumption risk is positively correlated to SEKG since in­
sults show that more involved individuals are significantly higher on dividuals with more hands-on experience with a product class—which is
SEKG, meaning that their subjective knowledge exceeds their the case with low-SEKG individuals on average—may underestimate the

Table 1
The SEM results for the dependent variable Subjective-Experiential Knowledge Gap (SEKG).
Panel A. Dependent Variable: Subjective-Experiential Knowledge Gap (SEKG)

Independent Variable StandardizedCoefficient UnstandardizedCoefficient S.E. P-Value

Involvement 0.487 0.435 0.038 0.000


Education 0.025 0.024 0.039 0.538
Age − 0.197 − 0.193 0.041 0.000
Gender (Male: 1; Female: 2) 0.084 0.194 0.099 0.049
Income 0.054 0.031 0.024 0.187
Socially desirable responding − 0.064 − 0.012 0.008 0.116

Panel B. Dependent Variable: The Importance of External Information Search

Independent Variable StandardizedCoefficient UnstandardizedCoefficient S.E. P-Value

SEKG 0.093 0.464 0.226 0.040

70
S. Tajdini Journal of Business Research 135 (2021) 66–77

risks associated with consuming the product as a result of growing more obsolete. The more quickly obsolescence happens, the more frequently
and more comfortable with the product class and potentially blind to its the product needs to be replaced, thus leading to financial, time, and
risks. The union of the last two sentences leads to the following hy­ convenience risks. Individuals may also feel social pressure when using
pothesis, guided by the findings of previous studies (e.g., Gursoy, 2019; outdated products, leading to convenience risk. Moreover, obsolete
Sharifpour, Walters, Ritchie, & Winter, 2014; Z. Zhang & Hou, 2017). products may lack up-to-date safety features and pose physical risk to
Hypothesis 4: The effects of consumption risk on the importance of the consumer. The next characteristic—purchase size—is self-
external search are significantly different across low- and high-SEKG explanatory. This factor is directly related to the financial risk associ­
individuals. That is, SEKG moderates the consumption risk-external ated with consumption. Product variety may also influence the
search importance relationship. perceived financial and performance risks in the sense that more variety
But what constitutes consumption risk? While we can imagine a may increase purchase uncertainty as individuals may feel confused by
myriad of individual-level and situational factors that influence con­ all the differences among product alternatives and fear making the
sumption risk, this study focuses on product characteristics that wrong choice. Lastly, public consumption refers to the degree to which a
constitute consumption risk. The advantage of this approach is the product is used in a public setting (e.g., a car) or a private setting (e.g., a
managerial applicability of it. That is, while managers may not conve­ toothbrush). The argument here can be that public consumption in­
niently possess data on consumers’ individual-level and situational de­ creases the perceived risk since individuals use consumption as a
terminants of consumption risk, they know about the characteristics of signaling mechanism (Price & Dawar, 2002; Warren & Mohr, 2019) and
their own products. For example, while managers may not know a the wrong product choice may send the wrong signal about the indi­
customer’s personality traits or if a product is purchased for self- vidual to the public, constituting social/performance risk. In light of
consumption or gift-giving, they naturally know the product’s charac­ these arguments, we put forth the following hypothesis:
teristics such as purchase size, history, rate of obsolescence, etc. Hypothesis 5: The effects of product characteristics on consumption
Through a comprehensive review of the literature, we identified four risk are significantly different across low- and high-SEKG individuals.
specific product characteristics that may best constitute consumers’ That is, SEKG moderates the product characteristics-consumption risk
consumption risk of a product: obsolescence rate, purchase size, product relationships.
variety, and public consumption. We purposely selected these charac­ Fig. 2 summarizes the conceptual model in section three of the study.
teristics so as to tap into all of the four types of risk associated with the
consumption of a product—namely, financial, performance, physical,
and convenience risks (Peter & Tarpey, 1975), among others.
The obsolescence rate refers to how quickly a product becomes

Moderator:
Subjective-Experiential-
Knowledge Gap (SEKG)
Product’s
Public
Consumption

Product Variety

Importance
Consumption
of External
Risk
Search

Purchase Size

Product
Obsolescence
Rate

Fig. 2. The moderating effects of SEKG on the relationships among the product characteristics, consumption risk, and importance of external search.

71
S. Tajdini Journal of Business Research 135 (2021) 66–77

3.2. Method What this means is that these individuals perceive the fact that the
product is consumed publicly as a significant source of consumption
3.2.1. Data, variables, measurements, and analysis risk, in line with previous evidence on the effects of social considerations
The data source and participants used in this section are identical to on information search behavior (Blummer & Kenton, 2014).
those used in section two of the paper (see appendix A for de­ Perhaps more importantly, as seen in panel B, consumption risk is
mographics). So, we do not repeat all of the details for the sake of significantly and positively correlated to the importance of external
brevity. To measure the four product characteristics and consumption search but only in the high-SEKG group. (The substantial difference
risk, we borrowed scales from the literature, as shown in appendix B. between the p-values across the two groups is especially noteworthy
Multi-group SEM in AMOS 24 was used for the analysis, with the here.) In other words, individuals who are less accurate in their self-
median-split SEKG as the grouping variable. As explained in Section assessment of knowledge with a product class place more importance
2.2.2, we ensured that this arbitrary cutpoint does not lead to statistical on external information as consumption risk increases. That is, despite
artifacts by affirming that the conclusions stay intact even if other their inflated subjective knowledge, their relatively limited first-hand
categorization cutpoints were used. Lastly, the statistical assumptions experience with a product class on average may make these in­
were checked and affirmed in the manner explained in section two, and dividuals more risk-aware (Lawson, Gleim, Perren, & Hwang, 2016),
will not be rehashed here for the sake of brevity. especially in light of larger purchase sizes and looming financial risks.
Under such circumstances, these individuals may place more impor­
tance on external information as a compensatory and risk-mitigating
3.3. Results
mechanism, suggesting the existence of some kind of metacognitive
awareness of their flawed knowledge self-assessment. We also know
The fit indices indicated a good fit with the data (χ2 = 445.869,
from table 1 that the high-SEKG group is more involved with the product
degrees of freedom = 190; CMIN/DF = 2.347; CFI = 0.949; TLI = 0.936;
class. This higher involvement may also contribute to the increased
RMSEA = 0.053; HOELTER (α = 0.05) = 244). Table 2 shows the results
perceived risk in this group (Celsi & Olson, 1988; Chaudhuri, 2000). On
of the SEM analysis.
the contrary, low-SEKG individuals do not view increased consumption
As can be seen in Table 2, there are several significant relationships
risk as an impetus to engage in more external search perhaps because of
among the product characteristics, consumption risk, and importance of
their higher levels of actual experience with the product class on
external search, and some of these relationships are asymmetrical across
average. In this sense, these individuals can be called Risk Homo Ignorans
the low- and high-SEKG groups, interestingly. In particular, in panel A,
as their experience with a product class may have blinded them to the
we can see that only in the high-SEKG group, purchase size has a sig­
need for an increased external search in presence of increased con­
nificant positive effect on consumption risk. Besides, only in the low-
sumption risk.
SEKG group, public consumption and product variety have positive ef­
As a note for completeness, while some studies suggest a quadratic
fects on consumption risk. As such, hypothesis 5 is essentially supported.
relationship between experience and information search levels (e.g.,
Looking at panel B, we can see that while consumption risk is positively
Beatty & Smith, 1987), we did not find evidence of such a relationship in
correlated to the importance of external search in the high-SEKG group,
our analyses.
this relationship is broken for the low-SEKG group. Therefore, hypoth­
esis 4 is supported.
4. General discussion and implications

3.4. Discussion This study introduced the metacognitive construct of subjective-


experiential knowledge gap (SEKG). Section two of the study showed
Results showed that for high-SEKG individuals, as purchase size in­ some of the individual-level determinants of SEKG. Moreover, it moti­
creases, the consumption risk increases, too. An explanation for this vated section three of the study by revealing that low- and high-SEKG
relationship can be that high-SEKG individuals, who are less experi­ groups are significantly different in their perceived importance of
enced with a product class on average, consider its price ticket as a signal external information search. Section three should be generally inter­
of risk. For example, a higher ticket product may come with all sorts of preted as just one illustrative example of the nomological significance of
complex features that may be difficult to correctly understand, use and SEKG as it was demonstrated to moderate various relationships between
maintain, leading to a fear of unknown outcomes (Holak & Lehmann, important behavioral variables. But specifically, this section examined
1990). Moreover, a higher purchase size simply means higher financial the moderating role of SEKG in the relationships between 1) consump­
risk. On the contrary, for low-SEKG individuals, who are more experi­ tion risk and its product-related determinants, and 2) consumption risk
enced with a product class on average, purchase size is not significantly and the importance of external information search. In both cases, we
related to consumption risk. Interestingly, for these individuals, public found substantial moderating effects of SEKG. In particular, for all of the
consumption is significantly and positively related to consumption risk.

Table 2
The differential effects of SEKG on the relationships among the product characteristics, consumption risk, and importance of external search.
Panel A. Dependent Variable: Consumption Risk

Low-SEKG group High-SEKG group

Independent Variable Coefficient S.E. P-Value Coefficient S.E. P-Value

Product variety 0.280 0.112 0.012 0.039 0.056 0.485


Public consumption 0.146 0.053 0.006 0.055 0.029 0.057
Purchase size 0.018 0.058 0.761 0.141 0.051 0.006
Rate of obsolescence 0.102 0.069 0.141 0.020 0.044 0.651

Panel B. Dependent Variable: The Importance of External Information Search

Low-SEKG group High-SEKG group

Independent Variable Coefficient S.E. P-Value Coefficient S.E. P-Value

Consumption risk − 0.027 0.225 0.905 1.664 0.410 0.000

72
S. Tajdini Journal of Business Research 135 (2021) 66–77

product characteristics with significant effects on consumption risk, word-of-mouth spreaders to act as ambassadors and influencers for the
their effects were asymmetrical across the low- and high-SEKG groups. business, with prescriptions on the role of involvement, education, age,
Moreover, the consumption risk-external search importance relation­ gender, income, and tendency to appear socially desirable. Given the
ship held only in the high-SEKG group. importance of word-of-mouth to the business community (Bughin,
While the distinction between consumers’ subjective and experien­ Doogan, & Vetvik, 2010), this practical contribution of the study may be
tial knowledge has been previously recognized, to our best knowledge, it noteworthy.
has never been operationalized like it was in this research, studied as a Relatedly, this study has implications for public policy, too. One
predictor of external search importance, as well as a moderator in the example relates to the spread of false information and its consequences.
relationships among consumption risk, its product-related determinants, Based on the evidence from Keller and Berry (2003) and the findings of
and external search importance. As such, the current study contributes the current study, we can conclude that individuals higher on SEKG may
to literature both on consumption risk and information search, espe­ be more willing to spread false information and create undesired social
cially by viewing these phenomena through a metacognitive lens, as trends. Leveraging the evidence on what leads to high SEKG values in
recommended by Mothersbaugh, Feick, and Park (1995). the current study, public policymakers can better predict the potential
In addition, the current study provides another window to view the spread(ers) of false information. As we have witnessed recently, the
consequences of human overconfidence and metacognitive flaws in spread of false information can have detrimental societal consequences,
critical behavioral outcomes such as perceiving risks and pursuing risk- for example concerning political elections or pandemics.
mitigating information. In particular, this study painted a comprehen­
sive picture of how some product characteristics lead to perceived risk, 5. Conclusions, limitations and further research
which in turn leads to the perceived importance of external information
search, and how the whole relationship is moderated by the gap between This research focused on the metacognitive construct of subjective-
individuals’ self-perceived and experience-based knowledge. In this experiential knowledge gap (SEKG). Guided by the Elaboration Likeli­
sense, the study sheds light on a wide section of the business value chain, hood Model, we investigated how motivation and ability to engage in
with implications for different business functions ranging from backend external search determine individuals’ level of SEKG. Specifically, we
product development to communications and brand management in the found that involvement with a product is positively correlated with
forefront of the market. Additionally, the current study offers the liter­ SEKG. In addition, we observed evidence of higher SEKG among females
ature a very simple way of measuring SEKG, using five survey items and younger individuals. We also found that the importance of external
modified from the literature. search is significantly different between low- and high-SEKG
From a managerial perspective, it is imperative to understand and individuals.
manage the levels of SEKG in consumers since, as evidence from the Inspired by these findings, we embarked on a follow-up analysis to
current and previous studies shows, SEKG can be linked to important learn more about this relationship. Guided by the literature on con­
business outcomes such as consumers’ risk perceptions, receptiveness sumption risk and information search, we tested a model of relationships
toward marketing messages, tendency to seek and spread word-of- among consumption risk, its product-related determinants, and the
mouth to other consumers (Keller & Berry, 2003), and reliance on on­ importance of external search, and the moderating effects of SEKG on
line reviews, among others. In simple terms, if businesses wish their these relationships. We discovered that different product characteristics
messages to be seen and heard, they first need to understand what fac­ constitute consumption risk across low- and high-SEKG individuals
tors open their customers’ eyes and ears. This study shows SEKG to be distinctively. Specifically, we found that while high-SEKG individuals
such a factor as it influences consumers’ perceived importance of mar­ consider product purchase size as a source of risk, low-SEKG individuals
keting messages. As such, leveraging SEKG as a tool to advance mar­ do not recognize this relationship, and instead consider public con­
keting goals may require the development and implementation of sumption and variety of a product as sources of risk. Additionally, and
metacognitive interventions by marketers to manage customers’ sub­ perhaps more critically, we found that while high-SEKG individuals
jective and experiential knowledge perceptions. place increasing importance on external search in presence of increasing
Understanding the determinants of the external information search is consumption risk, this link is broken in low-SEKG individuals.
critical for businesses, if not for anything else, at least for one simple Finally, the current research examined the phenomenon in the
reason: the internet, an external information source, is implicated here. context of a large number of product classes and all of the three major
Given that a vast portion of the population uses the internet as a source types of external information sources, producing more generalizable
of information and mode of communication (Klobas & Clyde, 2000), the results that are also less likely to suffer from omitted variable biases,
internet has impacted the way businesses view and manage the flow of unlike many of the previous related studies (e.g., Babić Rosario et al.,
information (Y. Zhang, 2005). This study offers businesses a view of how 2016; Huang et al., 2009; Moon et al., 2010; Zhu & Zhang, 2010).
the gap between individuals’ perceived and experiential knowledge may The current research comes with its own limitations though. First, it
influence their reliance on external information sources including the viewed the make-up of SEKG only from the lens of the Elaboration
internet. The clear implication here is that businesses need to manage Likelihood Model. We encourage the application of different theories to
this gap and, thus, consumers’ risk perceptions if they wish to enhance identify other predictors of the construct. Second, we considered the role
the reception and perception of their internet communications. of consumption risk as a mechanism tying SEKG to the importance of
As alluded to above, this study links product characteristics to risk external information search. While this was guided by the literature,
perception and external search. As such, it not only has implications for there may be other mechanisms at play. We encourage attempts to
marketing but also for R&D departments. Specifically, this study shows discover potential alternative mechanisms. Moreover, we focused on the
that purchase size, product variety, and public consumption influence role of product characteristics as determinants of consumption risk. We
risk perceptions and, through that, external search. This finding calls for encourage future research to investigate potentially differential effects
closer cooperation between marketing and R&D departments to create of SEKG on the relationships between consumption risk and its other
and market products that lead to desired qualities in consumers’ risk types of determinants, especially individual- and situation-dependent
perceptions and information search behavior. determinants.
Additionally, it has been shown that individuals with inflated sub­ Next, while the operationalization of SEKG as the difference between
jective knowledge are more likely to spread word-of-mouth about subjective and experiential knowledge availed us methodological,
products and brands (Keller & Berry, 2003). As such, this study, by interpretive, and communicative ease, it also came with the disadvan­
investigating the determinants of such inflated subjective knowledge tage of not discriminating between different combinations of subjective
relative to actual knowledge, can help businesses identify potential and experiential knowledge levels that determine membership in each of

73
S. Tajdini Journal of Business Research 135 (2021) 66–77

the low- and high-SEKG groups. Notably, this study classified all in­ Jiao, 2018). Thus, we recommend the extension of the current study to
dividuals high or low on both subjective and experiential knowledge as the context of information search for others. It may be enlightening to
low-SEKG. Thus, the results of this study may be insufficient for a more examine how the perceptions of information search and consumption
granular inspection of the dynamics between subjective and experiential risk may be affected differently by one’s self-assessment of knowledge
knowledge as they affect consumers’ risk perceptions and information when the search is not for self but for others.
search behavior. As such, the conclusions of this study must be inter­
preted in light of the fact that though the low-SEKG group is significantly Declaration of Competing Interest
more experienced than the high-SEKG group on average (Mhigh-SEKG =
12.6, Mlow-SEKG = 36.9, p < .000), membership in the low-SEKG group The authors declare that they have no known competing financial
does not necessarily mean high levels of experience. interests or personal relationships that could have appeared to influence
One of the findings of this study was that low- and high-SEKG in­ the work reported in this paper.
dividuals have very different perceptions of what product characteristics
constitute consumption risk. While this study did not investigate the Acknowledgment
why of this observation, it may form a worthwhile impetus for a future
study. Lastly, research suggests that individuals engage in more infor­ The data collection for this research was funded by a Dodson
mation search when searching on behalf of others (Liu, Polman, Liu, & Research Grant I received from the University of Texas at El Paso.

Appendix A. The demographics of the sample (N ¼ 487)

Demographic variables Count % Demographic variables Count %

Age Race
20–24 15 3.1 White/Caucasian 373 76.6
25–34 174 35.7 African American 23 4.7
35–44 136 27.9 Hispanic 28 5.7
45–54 98 20.1 Asian 62 12.7
55–64 51 10.5 Native American 0 0
65 or over 13 2.7 Pacific Islander 0 0
Missing 0 0 Other 1 0.2
Missing 0 0
Education Marital Status
Grammar School 0 0 Divorced 48 9.9
High school or Equivalent 74 15.2 Living with Another 66 13.6
Vocational/Technical school 46 9.4 Married 153 31.4
Some College Separated 2 0.4
College Graduate 151 31 Single 211 43.3
Master’s degree 172 35.3 Widowed 7 1.4
Doctoral Degree 41 8.4 Missing 0 0
Missing 3 0.6
0 0
Gender Residence
Female 188 38.6 United States 466 95.7
Male 299 61.4 Other 21 4.3
Missing 0 0 Missing 0 0
Income Employment
Under 10,000 29 6 Paid Employee 341 70
10,000–19,999 34 7 Self-employed 119 24.4
20,000–29,999 104 21.4 Not Working 27 5.6
30,000–39,999 98 20.1 Missing 0 0
40,000–49,999 32 6.6
50,000–74,999 129 26.5
75,000–99,999 15 3.1
100,000–150,000 34 7
Over 150,000 12 2.5
Missing 0 0

Appendix B. The scales used in the study

• Subjective knowledge (Component of SEKG) (adapted from Flynn and Goldsmith (1999))
1) I know pretty much about [product class]2.
2) I do not feel very knowledgeable about [product class] (RC3)
3) Compared to most other people, I know more about [product class].
• Experiential Knowledge (Component of SEKG)
1) How many [product class] have you purchased in the last 10 years?
2) How often have you purchased [product class] in the last 10 years?

2
Each respondent was asked to assume that s/he was going to purchase a given product, from a list of 14 different products.
3
Reverse-coded

74
S. Tajdini Journal of Business Research 135 (2021) 66–77

• Motivation to Search (Independent variable in section two of the study)

Enduring involvement (adapted from Novak et al. (2000))

1) The purchase of a [product class] is important to me.


2) The purchase of a [product class] is irrelevant to me (RC).
3) The purchase of a [product class] means a lot to me.
• Ability to Search (Independent variable in section two of the study)

Education

1) What is your highest education level?

Education was measured on 7 levels (coded from 1 to 7): High school or Equivalent, Vocational/Technical school, Some College, College Graduate,
Master’s degree, and Doctoral Degree.

• Information Source Importance (Dependent variable in section three of the study)


1) By moving the slider to the left (0) or right (10), indicate the relative importance of information from marketers prior to purchasing a [product
class]
2) By moving the slider to the left (0) or right (10), indicate the relative importance of information from your own memory prior to purchasing a
[product class]
3) By moving the slider to the left (0) or right (10), indicate the relative importance of information from others you personally know prior to
purchasing a ______.
4) By moving the slider to the left (0) or right (10), indicate the relative importance of information from others you do not personally know prior to
purchasing a ______.
• Product Characteristics (Independent variables in section three of the study)
Product variety (Lancaster, 1990)
There are only a few brands that dominate the market for this product class. (RC)
This product comes under many different names and brands.
When purchasing this product, your choice is limited to only a few brands/providers. (RC)
Rate of product obsolescence (Samiee & Roth, 1992)
This product has been almost the same for as long as I remember. (RC)
This product has been basically the same thing since inception. (RC)
There has been little change in this product over years. (RC)
Purchase size (Rao, 1969)
Purchase of this product requires a significant amount of money.
Regardless of one’s income, buying this product is a rather small purchase. (RC)
Purchase of this product is what I would call a small ticket purchase. (RC)
Public consumption (Bourne, 1957)
I use this product mainly in private. (RC)
This product is used in front of other people.
When I use this product, I’m usually by myself. (RC)
• Consumption Risk (Mediating variables in section three of the study) (Cox, Cox, & Zimet, 2006)
1) When purchasing this product, I pay little attention to the risk it imposes on my health. (RC)
2) Safety is an important consideration for me when buying this product.
3) Before purchase, I need to make sure that the ingredients/parts used in the product are safe.
• Social Desirability Bias- MRT Dimension (Control variable in section three of the study) (adapted from Delroy L. Paulhus (1991))
1) I sometimes tell lies if I have to. (RC)
2) I never cover up my mistakes.
3) I always obey laws, even if I am unlikely to get caught.
4) I have said something bad about a friend behind his or her back. (RC)
5) When I hear people talking privately, I avoid listening.
6) have received too much change from a salesperson without telling him or her. (RC)
7) When I was young, I sometimes stole things. (RC)
8) I have done things that I don’t tell other people about. (RC)
9) I never take things that don’t belong to me.
10) I don’t gossip about other people’s business.

References Babić Rosario, A., Sotgiu, F., De Valck, K., & Bijmolt, T. H. A. (2016). The effect of
electronic word of mouth on sales: A meta-analytic review of platform, product, and
metric factors. Journal of Marketing Research, 53(3), 297–318.
Alba, J. W., & Hutchinson, J. W. (2000). Knowledge calibration: What consumers know
Baek, T. H., Kim, J., & Yu, J. H. (2010). The differential roles of brand credibility and
and what they think they know. Journal of Consumer Research, 27(2), 123–156.
brand prestige in consumer brand choice. Psychology & Marketing, 27(7), 662–678.
Bagozzi, R. P. (1983). A holistic methodology for modeling consumer response to
innovation. Operations Research, 31(1), 128–176.

75
S. Tajdini Journal of Business Research 135 (2021) 66–77

Barrafrem, K., Västfjäll, D., & Tinghög, G. (2020). Financial Homo Ignorans: Measuring Hwang, H., Malhotra, N. K., Kim, Y., Tomiuk, M. A., & Hong, S. (2010). A comparative
vulnerability to behavioral biases in household finance.. https://doi.org/10.31234/osf. study on parameter recovery of three approaches to structural equation modeling.
io/q43ca. Journal of Marketing Research, 47(4), 699–712.
Beatty, S. E., & Smith, S. M. (1987). External search effort: An investigation across Iacobucci, D., Posavac, S. S., Kardes, F. R., Schneider, M. J., & Popovich, D. L. (2015).
several product categories. Journal of Consumer Research, 14(1), 83–95. Toward a more nuanced understanding of the statistical properties of a median split.
Bettman, J. R. (1979). Information Processing Theory of Consumer Choice. Co: Addison- Journal of Consumer Psychology, 25(4), 652–665.
Wesley Pub. Jansen, R. J. G., Curşeu, P. L., Vermeulen, P. A. M., Geurts, J. L. A., & Gibcus, P. (2013).
Bettman, J. R., & Park, C. W. (1980). Effects of prior knowledge and experience and Information processing and strategic decision-making in small and medium-sized
phase of the choice process on consumer decision processes: A protocol analysis. enterprises: The role of human and social capital in attaining decision effectiveness.
Journal of Consumer Research, 7(3), 234–248. International Small Business Journal, 31(2), 192–216.
Bhatnagar, A., & Ghose, S. (2004). Online information search termination patterns across Keller, E., & Berry, J. (2003). The influentials: One American in ten tells the other nine how to
product categories and consumer demographics. Journal of Retailing, 80(3), 221–228. vote, where to eat, and what to. buy: Simon and Schuster.
Bloch, P. H. (1981). An exploration into the scaling of consumers’ involvement with a Kenny, D. A. (2020). Measuring Model Fit. Retrieved from http://davidakenny.net/cm/
product class. ACR North American Advances. fit.htm.
Blummer, B., & Kenton, J. M. (2014). Improving student information search: A metacognitive Kim, W. J., & King, K. W. (2009). Product category effects on external search for
approach. Chandos Publishing. prescription and nonprescription drugs. Journal of Advertising, 38(1), 5–20.
Bourne, F. S. (1957). Group influence in marketing and public relations. In R. Likert, & Klein, L. R., & Ford, G. T. (2003). Consumer search for information in the digital age: An
S. P. Hayes (Eds.), Some Applications of Behavioral Research (pp. 207–255). Basil, empirical study of prepurchase search for automobiles. Journal of Interactive
Switzerland: Unesco. Marketing, 17(3), 29–49.
Brucks, M. (1985). The effects of product class knowledge on information search Kline, R. B. (2015). Principles and practice of structural equation modeling. Guilford
behavior. Journal of Consumer Research, 12(1), 1–16. publications.
Bughin, J., Doogan, J., & Vetvik, O. J. (2010). A new way to measure word-of-mouth Klobas, J. E., & Clyde, L. A. (2000). Adults learning to use the Internet: A longitudinal
marketing. McKinsey Quarterly, 2, 113–116. study of attitudes and other factors associated with intended Internet use. Library &
Buhrmester, M., Kwang, T., & Gosling, S. D. (2016). Amazon’s Mechanical Turk: A new Information Science Research, 22(1), 5–34.
source of inexpensive, yet high-quality data? In A. E. Kazdin (Ed.), Methodological Kokkinaki, F. (1999). Predicting product purchase and usage: The role of perceived
issues and strategies in clinical research (pp. 133–139). American Psychological control, past behavior and product involvement. ACR North American Advances, 26,
Association. 576–583.
Celsi, R. L., & Olson, J. C. (1988). The role of involvement in attention and Koriat, A. (2007). Metacognition and Consciousness. In P. D. Zelazo, M. Moscovitch, &
comprehension processes. Journal of Consumer Research, 15(2), 210–224. E. Thompson (Eds.), The Cambridge Handbook of Consciousness (pp. 289–325). New
Chakravarti, A., & Janiszewski, C. (2003). The influence of macro-level motives on York, NY: Cambridge University Press.
consideration set composition in novel purchase situations. Journal of Consumer Lancaster, K. (1990). The economics of product variety: A survey. Marketing Science, 9(3),
Research, 30(2), 244–258. 189–206.
Chang, S.-J., Van Witteloostuijn, A., & Eden, L. (2010). From the editors: Common Lavoie, M. (2004). Post Keynesian consumer theory: Potential synergies with consumer
method variance in international business research. Journal of International Business research and economic psychology. Journal of Economic Psychology, 25(5), 639–649.
Studies, 41, 178–184. https://doi.org/10.1057/jibs.2009.88. Lawson, S. J., Gleim, M. R., Perren, R., & Hwang, J. (2016). Freedom from ownership: An
Chaudhuri, A. (2000). A macro analysis of the relationship of product involvement and exploration of access-based consumption. Journal of Business Research, 69(8),
information search: The role of risk. Journal of Marketing Theory and Practice, 8(1), 2615–2623.
1–15. Lei, M., & Lomax, R. G. (2005). The effect of varying degrees of nonnormality in
Choi, J. W. (1993). Exploring heterogeneity in consumer search patterns. Retrieved from structural equation modeling. Structural Equation Modeling, 12(1), 1–27.
http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&rft_val_fmt=info:ofi/ Lind, T., Ahmed, A., Skagerlund, K., Strömbäck, C., Västfjäll, D., & Tinghög, G. (2020).
fmt:kev:mtx:dissertation&res_dat=xri:pqm&rft_dat=xri:pqdiss:9409658. Competence, Confidence, and Gender: The Role of Objective and Subjective
Cohen, J. (1983). The cost of dichotomization. Applied Psychological Measurement, 7(3), Financial Knowledge in Household Finance. Journal of Family and Economic Issues,
249–253. 1–13.
Cox, A. D., Cox, D., & Zimet, G. (2006). Understanding consumer responses to product Liu, Y., Polman, E., Liu, Y., & Jiao, J. (2018). Choosing for others and its relation to
risk information. Journal of Marketing, 70(1), 79–91. information search. Organizational Behavior and Human Decision Processes, 147,
Dhar, V., & Chang, E. A. (2009). Does chatter matter? The impact of user-generated 65–75.
content on music sales. Journal of Interactive Marketing, 23(4), 300–307. MacCallum, R. C., Browne, M. W., & Cai, L. (2006). Testing differences between nested
Dholakia, U. M. (2001). A motivational process model of product involvement and covariance structure models: Power analysis and null hypotheses. Psychological
consumer risk perception. European Journal of Marketing, 35(11/12), 1340–1362. Methods, 11(1), 19.
Dodd, T. H., Laverie, D. A., Wilcox, J. F., & Duhan, D. F. (2005). Differential effects of Maheswaran, D., & Sternthal, B. (1990). The effects of knowledge, motivation, and type
experience, subjective knowledge, and objective knowledge on sources of of message on ad processing and product judgments. Journal of Consumer Research,
information used in consumer wine purchasing. Journal of Hospitality & Tourism 17(1), 66–73.
Research, 29(1), 3–19. Maity, M., Dass, M., & Kumar, P. (2018). The impact of media richness on consumer
Engel, J. F., Blackwell, R. D., & Miniard, P. W. (1986). Consumer Behaviour. New York: information search and choice. Journal of Business Research, 87, 36–45.
Dryden Press. Micceri, T. (1989). The unicorn, the normal curve, and other improbable creatures.
Etkin, J. (2016). Choosing variety for joint consumption. Journal of Marketing Research, Psychological Bulletin, 105(1), 156.
53(6), 1019–1033. Moon, S., Bergey, P. K., & Iacobucci, D. (2010). Dynamic effects among movie ratings,
Fellner, G., & Maciejovsky, B. (2007). Risk attitude and market behavior: Evidence from movie revenues, and viewer satisfaction. Journal of Marketing, 74(1), 108–121.
experimental asset markets. Journal of Economic Psychology, 28(3), 338–350. Mothersbaugh, D. L., Feick, L. F., & Park, C. W. (1995). Subjective and Objective Knowledge
Flynn, L. R., & Goldsmith, R. E. (1999). A short, reliable measure of subjective and Their Consequences: Limits of Experimental Approaches. Provo, UT: Paper
knowledge. Journal of Business Research, 46(1), 57–66. presented at the The Association for Consumer Research.
Garinther, A., Mayorga, M., Västfjäll, D., & Slovic, P. (2019). Information spotlighting in Murray, K. B. (1991). A test of services marketing theory: Consumer information
Americans’ Decisions Surrounding Refugee resettlement Policy. Journal of Refugee acquisition activities. Journal of Marketing, 55(1), 10–25.
Studies. Novak, T. P., Hoffman, D. L., & Yung, Y.-F. (2000). Measuring the customer experience in
Golman, R., Hagmann, D., & Loewenstein, G. (2017). Information avoidance. Journal of online environments: A structural modeling approach. Marketing Science, 19(1),
Economic Literature, 55(1), 96–135. 22–42.
Gursoy, D. (2019). A critical review of determinants of information search behavior and Nunnally, J. C. (1994). Psychometric theory. New York, NY: Tata McGraw-hill.
utilization of online reviews in decision making process. International Journal of Packard, G., & Wooten, D. B. (2013). Compensatory knowledge signaling in consumer
Hospitality Management, 76, 53–60. word-of-mouth. Journal of Consumer Psychology, 23(4), 434–450.
Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (1998). Multivariate Paulhus, D. L. (1988). Balanced inventory of desirable responding (BIDR). Acceptance and
data analysis, (Vol. 5):. NJ: Prentice hall Upper Saddle River. Commitment Therapy. Measures Package, 41, 79586–79587.
Hair, J. F., Ringle, C. M., & Sarstedt, M. (2011). PLS-SEM: Indeed a silver bullet. Journal Paulhus, D. L. (1991). Measurement and control of response bias. In J. P. Robinson,
of Marketing Theory and Practice, 19(2), 139–152. P. R. Shaver, & L. S. Wrightsman (Eds.), Measures of personality and social
Harman, H. H. (1976). Modern factor analysis. University of Chicago press. psychological attitudes (Vol. 1, pp. 17–59). San Diego, CA: Academic Press.
Heath, C., & Tversky, A. (1991). Preference and belief: Ambiguity and competence in Peter, J. P., & Tarpey, L. X. (1975). A comparative analysis of three consumer decision
choice under uncertainty. Journal of Risk and Uncertainty, 4(1), 5–28. strategies. Journal of Consumer Research, 2(1), 29–37.
Hertwig, R., & Engel, C. (2016). Homo ignorans: Deliberately choosing not to know. Petty, R. E., & Cacioppo, J. T. (1979). Issue involvement can increase or decrease
Perspectives on Psychological Science, 11(3), 359–372. persuasion by enhancing message-relevant cognitive responses. Journal of Personality
Holak, S. L., & Lehmann, D. R. (1990). Purchase intentions and the dimensions of and Social Psychology, 37(10), 1915.
innovation: An exploratory model. Journal of Product Innovation Management: An Petty, R. E., & Cacioppo, J. T. (1981). Issue involvement as a moderator of the effects on
international publication of the product development & management association, 7(1), attitude of advertising content and context. ACR North American Advances, 8, 20–24.
59–73. Petty, R. E., & Cacioppo, J. T. (1983). Central and peripheral routes to persuasion:
Huang, P., Lurie, N. H., & Mitra, S. (2009). Searching for experience on the web: An Application to advertising. Advertising and Consumer Psychology, 1, 3–23.
empirical examination of consumer behavior for search and experience goods. Petty, R. E., Wegener, D. T., Fabrigar, L. R., Priester, J. R., & Cacioppo, J. T. (1993).
Journal of Marketing, 73(2), 55–69. Conceptual and methodological issues in the elaboration likelihood model of

76
S. Tajdini Journal of Business Research 135 (2021) 66–77

persuasion: A reply to the Michigan State critics: Specifying the ELM. Communication Sweeny, K., Melnyk, D., Miller, W., & Shepperd, J. A. (2010). Information avoidance:
Theory, 3(4), 336–342. Who, what, when, and why. Review of General Psychology, 14(4), 340–353.
Pillai, K. G., Brusco, M., Goldsmith, R., & Hofacker, C. (2015). Consumer knowledge Tinghög, G., Andersson, D., Bonn, C., Johannesson, M., Kirchler, M., Koppel, L., &
discrimination. European Journal of Marketing. Västfjäll, D. (2016). Intuition and moral decision-making–the effect of time pressure
Podsakoff, N. P. (2003). Common method biases in behavioral research: A critical review and cognitive load on moral judgment and altruistic behavior. PLoS ONE, 11(10).
of the literature and recommended remedies. Journal of Applied Psychology, 885 https://doi.org/10.1371/journal.pone.0164012.
(879), 10–1037. Vigar-Ellis, D., Pitt, L., & Berthon, P. (2015). Knowing what they know: A managerial
Podsakoff, P. M., & Organ, D. W. (1986). Self-reports in organizational research: perspective on consumer knowledge. Business Horizons, 58(6), 679–685.
Problems and prospects. Journal of Management, 12(4), 531–544. Warren, C., & Mohr, G. S. (2019). Ironic consumption. Journal of Consumer Research, 46
Price, L. J., & Dawar, N. (2002). The joint effects of brands and warranties in signaling (2), 246–266.
new product quality. Journal of Economic Psychology, 23(2), 165–190. Westfall, P. H., & Henning, K. S. S. (2013). Texts in statistical science: Understanding
Rao, T. R. (1969). Consumer’s purchase decision process: Stochastic models. Journal of advanced statistical methods. Boca Raton, FL: Taylor & Francis.
Marketing Research, 6(3), 321–329. Westland, J. C. (2010). Lower bounds on sample size in structural equation modeling.
Ratchford, B. T. (2001). The economics of consumer knowledge. Journal of Consumer Electronic Commerce Research and Applications, 9(6), 476–487.
Research, 27(4), 397–411. Wilson, T. D. (1981). On user studies and information needs. Journal of. Documentation.
Ratchford, B. T., Lee, M.-S., & Talukdar, D. (2003). The impact of the Internet on Zaichkowsky, J. L. (1985). Familiarity: Product use, involvement or expertise? ACR North
information search for automobiles. Journal of Marketing Research, 40(2), 193–209. American Advances, 12, 296–299.
Richins, M. L., & Bloch, P. H. (1986). After the new wears off: The temporal context of Zaichkowsky, J. L. (1986). Conceptualizing involvement. Journal of Advertising, 15(2),
product involvement. Journal of Consumer Research, 13(2), 280–285. 4–34.
Samiee, S., & Roth, K. (1992). The influence of global marketing standardization on Zeugner-Roth, K. P., Žabkar, V., & Diamantopoulos, A. (2015). Consumer ethnocentrism,
performance. Journal of Marketing, 56(2), 1–17. national identity, and consumer cosmopolitanism as drivers of consumer behavior: A
Schmidt, J. B., & Spreng, R. A. (1996). A proposed model of external consumer social identity theory perspective. Journal of International Marketing, 23(2), 25–54.
information search. Journal of the Academy of Marketing Science, 24(3), 246–256. Zhang, Y. (2005). Age, gender, and Internet attitudes among employees in the business
Sharifpour, M., Walters, G., Ritchie, B. W., & Winter, C. (2014). Investigating the role of world. Computers in Human Behavior, 21(1), 1–10.
prior knowledge in tourist decision making: A structural equation model of risk Zhang, Z., & Hou, Y. (2017). The effect of perceived risk on information search for
perceptions and information search. Journal of Travel Research, 53(3), 307–322. innovative products and services: The moderating role of innate consumer
Simonson, I., & Rosen, E. (2014). What marketers misunderstand about online reviews. innovativeness. Journal of Consumer Marketing, 34(3), 241–254.
Harvard Business Review, 92(1), 7. Zhu, F., & Zhang, X. (2010). Impact of online consumer reviews on sales: The moderating
Solomon, M. R. (2009). Marketing: Real people, real decisions. Pearson Education. role of product and consumer characteristics. Journal of Marketing, 74(2), 133–148.
Steenkamp, J.-B. E. M., & Baumgartner, H. (2000). On the use of structural equation
models for marketing modeling. International Journal of Research in Marketing, 17
Saeed Tajdini received his PhD in Business Administration from the University of Texas El
(2–3), 195–202.
Paso in 2017 and since has been an Assistant Professor of Marketing at Indiana University
Steenkamp, J.-B. E. M., De Jong, M. G., & Baumgartner, H. (2010). Socially desirable
Southeast. Saeed mainly teaches international business, principles of marketing, and data
response tendencies in survey research. Journal of Marketing Research, 47(2),
analytics courses. Saeed’s research has been published in the Journal of Marketing Theory
199–214.
and Practice, the Academy of Marketing Science Review, the Qualitative Market Research:
Stevens, J. P. (2012). Applied multivariate statistics for the social sciences. Routledge.
An International Journal, as well as the Journal of Marketing Analytics.

77

Anda mungkin juga menyukai