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Review of Related Studies
Review of Related Studies
Review of Related Studies
Review of Related Studies of The Impact of Lay Rationalism Thinking Mode on Mental
Budgeting
Mental budgeting is considered as a part of mental accounting that deals with the psychological
separation, recording and summarization of economic categories. Individuals with a mental
budget will limit their consumption in the respective category. The limited impact of mental
budgeting on consumption can be influenced by a number of factors, such as an individual's
educational level, short-term orientation, discounts, and payment mechanisms. People who use
credit cards to purchase goods and services tend to make more current consumer transactions
than those who use cash or checks. Hsee and Rottenstreich (2004) have distinguished two
ways of thinking by which individuals evaluate the value of a particular goal: by calculation and
by feeling. They found that when computational thinking was activated, participants were more
sensitive to quantitative changes in goals (e.g. number of pandas needed help) and behavior
they are close to linear functions of the range. Individuals with higher LR scores showed less
avoidance of financial decisions and a greater degree of accuracy in price presentation, such as
being able to distinguish between accurate and rounded price information. Consumers with a
higher level of computational thinking are more likely (versus less) to use mental budgeting to
control their consumption. Mental budgeting is a cognitive process that helps individuals control
their consumer spending. Previous literature has shown that mental budgeting is influenced by
people's cognitive and emotional abilities, suggesting a potential influence of thought patterns
on mental budgeting. From the perspective of secular rationalism, three existing studies have
examined the relationship between thought patterns (i.e. computational thinking and sensory
thinking) and mental budgeting, as well as the regulatory effect of the types of products
consumed by participants. First, scores for secular rationalism, indicating computational
thinking, were found to be positively correlated with levels of mental budgeting in college
students (Study 1a) and novices. to the workplace (Study 1b); second, activating computational
thinking (as opposed to feeling-based thinking) reduced participants' willingness to drink (Study
2); and third, computational thinking showed a stronger binding effect in participants consuming
only hedonic products than in participants consuming only utilitarian products (Study 2). The
results demonstrated the impact of secular thinking and product categories on mental
budgeting, highlighting the different effects for consumers and marketers. Xin, Z., Liu, G. &
Zong, Z. Curr Psychol (2022)
https://link.springer.com/article/10.1007/s12144-022-03689-5?
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