How Consistent Are Consumers in Their Decisions? Investigation of Houseplant Purchasing
Abstract
:1. Introduction
2. Literature Review
2.1. Pricing as a Product Attribute
2.2. United States Houseplant Market
2.3. Plant Purchasing Uses
2.4. Likelihood to Buy to Evaluate Purchasing Intent
2.5. Certainty and Consistency in Experiments
3. Materials and Methods
3.1. Study Survey
3.2. Houseplant Images and Ratings
3.3. Statistical Analysis
3.4. Binary Logit Model
4. Results
4.1. Switchers versus Non-Switchers
4.2. Plant Buyer Switchers versus Non-Plant Buyer Switchers
5. Discussion
5.1. Hypothesis 1: Plant Recipient and Price Level Have the Same Level of Saliency in a Plant Purchase Decision
5.2. Hypothesis 2: Plants Priced at a Discount will Have Fewer Inconsistent LTB Ratings than Plants Priced at Regular or High Prices
5.3. Hypothesis 3: A Person Making More Inconsistent Decisions in Their LTB Rating is Demographically Different than a Person with No Inconsistent Decisions
5.4. Hypothesis 4: People Who Purchase More Plants Have Less Inconsistency in Their LTB Ratings
5.5. Hypothesis 5: Subjects Who Indicate a High Initial Likelihood to Purchase Have a Lesser Chance of Switching Because of Their Buying Certainty at the Beginning of the Decision Process
6. Conclusions
6.1. Managerial Implications
6.2. Limitations and Future Research
Supplementary Materials
Author Contributions
Funding
Institutional Review Board Statement
Informed Consent Statement
Data Availability Statement
Conflicts of Interest
References
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Analysis 1 | ||
---|---|---|
Switchers | Non-Switchers | |
Follow-up LTB < Initial LTB | Follow-up LTB ≥ Initial LTB | |
Purchase by Recipient (Self vs. Gift for Others) | ||
Price Level | Self-Purchase, Bargain Price | Gift Purchase, Bargain Price |
Self-Purchase, Getting Expensive Price | Gift Purchase, Getting Expensive Price | |
Analysis 2 | ||
Non-Plant Buyers | Plant Buyers | |
Follow-up LTB < Initial LTB of 4 | Follow-up LTB ≥ Initial LTB of 4 | |
Purchase by Recipient (Self vs. Gift for Others) | ||
Price Level | Self-Purchase, Bargain Price | Gift Purchase, Bargain Price |
Self-Purchase, Getting Expensive Price | Gift Purchase, Getting Expensive Price |
Demographic Characteristic | Definition | Mean or % | SD |
---|---|---|---|
Age | Years (no.) | 38.9 | 13.5 |
Gender | 0 = male; 1 = female | 0.56 | 0.50 |
Income | Average of levels | USD 58,923.04 | USD 44,692.92 |
USD < 20–39.9 k | 42.38% | ||
USD 40–69.9 k | 28.54% | ||
USD 70–99.9 k | 14.37% | ||
USD > 100 k | 14.70% | ||
Education | Some high school or less | 1.95% | |
High school diploma or GED | 20.85% | ||
Some college courses | 26.08% | ||
Associate degree | 13.61% | ||
Bachelor’s degree | 23.49% | ||
Some graduate school | 2.18% | ||
Graduate or professional’s degree | 11.83% | ||
Relationship Status | Not married or single | 23.72% | |
In a relationship | 12.29% | ||
Married | 45.15% | ||
Divorced or separated | 14.42% | ||
Widowed | 4.42% | ||
Region of Residency | Northeast | 4.42% | |
Mid-Atlantic | 15.80% | ||
Midwest | 21.83% | ||
South | 29.64% | ||
Southwest | 11.77% | ||
West | 16.54% | ||
House Type | Single-family home | 60.60% | |
Townhouse | 4.71% | ||
Condominium | 3.22% | ||
Multi-family home | 3.39% | ||
Apartment | 18.84% | ||
Co-op | 0.289% | ||
Ranch style home | 2.58% | ||
Mobile home | 5.40% | ||
Population Density | Major town or city | 24.12% | |
Suburban | 43.08% | ||
Small town | 13.04% | ||
Rural area | 19.76% | ||
Number of Plants Owned | None | 6.15% | |
1 | 11.95% | ||
2–5 | 51.87% | ||
6–10 | 20.85% | ||
11–15 | 5.17% | ||
Over 15 | 4.02% | ||
Plant Purchasing Frequency | Once a week or more | 22.57% | |
2–3 times monthly | 43.88% | ||
Once monthly | 16.83% | ||
2–3 times yearly | 12.35% | ||
Once yearly | 12.35% | ||
Do not purchase at all | 4.37% | ||
Attention Check | 0 = passed; 1 = failed | 0.30 | 0.47 |
Switchers and Non-Switchers | ||||||||
---|---|---|---|---|---|---|---|---|
Self-Purchase, Bargain | Self-Purchase, Getting Expensive | Gift Purchase, Bargain | Gift Purchase, Getting Expensive | |||||
Variables z | dy/dx y | SE | dy/dx | SE | dy/dx | SE | dy/dx | SE |
Bargain Price | 0.0035 | <0.01 | −0.0032 | <0.01 | 0.0027 | <0.01 | −0.0030 | <0.01 |
Getting Expensive | 0.0002 | <0.01 | 0.0006 | <0.01 | 0.0001 | <0.01 | 0.0005 | <0.01 |
Log Likelihood | −1444.9869 | −774.0785 | −1436.0519 | −744.1785 | ||||
LR 2 | 12.60 | 11.17 | 8.06 | 10.95 | ||||
Prob > 2 | 0.0018 | 0.0038 | 0.0178 | 0.0042 | ||||
Pseudo R2 | 0.0043 | 0.0072 | 0.0028 | 0.0073 |
Treatment Groups Switchers (n = 2094) vs. Plant Buyers (n = 1890) | Chi-Squared, p-Value |
---|---|
Self Purchase at the Bargain Price | 0.3584, 0.5490 |
Self Purchase at the Getting Expensive Price | 0.6341, 0.4260 |
Gift Purchase at the Bargain Price | 1.5683, 0.2100 |
Gift Purchase at the Getting Expensive Price | 0.2957, 0.5870 |
Plant Buyer Switchers and Plant Buyer Non-Switchers | ||||||||
---|---|---|---|---|---|---|---|---|
Self-Purchase, Bargain | Self-Purchase, Getting Expensive | Gift Purchase, Bargain | Gift Purchase, Getting Expensive | |||||
Variables v | dy/dx u | SE | dy/dx | SE | dy/dx | SE | dy/dx | SE |
Bargain Price | 0.0125 | 0.01 | 0.0001 | <0.01 | −0.0003 | <0.01 | −0.0003 | <0.01 |
Getting Expensive | −0.0016 | <0.01 | 0.0017 | <0.01 | 0.0017 | <0.01 | 0.0017 | <0.01 |
Log Likelihood | −1224.9215 | −292.2543 | −346.2265 | −296.3763 | ||||
LR 2 | 26.38 | 8.35 | 5.71 | 6.52 | ||||
Prob > 2 | 0.0000 | 0.0154 | 0.0575 | 0.0384 | ||||
Pseudo R2 | 0.0107 | 0.0141 | 0.0082 | 0.0109 |
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Knuth, M.J.; Khachatryan, H.; Hall, C.R. How Consistent Are Consumers in Their Decisions? Investigation of Houseplant Purchasing. Behav. Sci. 2021, 11, 73. https://doi.org/10.3390/bs11050073
Knuth MJ, Khachatryan H, Hall CR. How Consistent Are Consumers in Their Decisions? Investigation of Houseplant Purchasing. Behavioral Sciences. 2021; 11(5):73. https://doi.org/10.3390/bs11050073
Chicago/Turabian StyleKnuth, Melinda J., Hayk Khachatryan, and Charles R. Hall. 2021. "How Consistent Are Consumers in Their Decisions? Investigation of Houseplant Purchasing" Behavioral Sciences 11, no. 5: 73. https://doi.org/10.3390/bs11050073
APA StyleKnuth, M. J., Khachatryan, H., & Hall, C. R. (2021). How Consistent Are Consumers in Their Decisions? Investigation of Houseplant Purchasing. Behavioral Sciences, 11(5), 73. https://doi.org/10.3390/bs11050073