PSY583 Grand Canyon Compensatory And Non Compensatory Models Discussion

User Generated

FlzcngulCflpurq

Humanities

PSY583

Description

In a paper of 1,250-1,500 words, compare compensatory and noncompensatory models as discussed in Chapter 14 of Cognition: Theories and Applications. Describe how a strategy is selected for use.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to LopesWrite or Tirnutin.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: COMPENSATORY AND NON-COMPENSATORY MODELS

Compensatory and Non-compensatory Models of Cognition
Student Name
Institution affiliation
Course
Date

1

COMPENSATORY AND NON-COMPENSATORY MODELS

2

COMPENSATORY AND NON-COMPENSATORY MODELS OF COGNITION
Decision-making is an essential process for every consumer. Consumers make choices
that determine their preferences for a product over another. They have to weigh several factors in
deciding on the product where they will derive maximum utility. The higher the utility, the
higher the possibility of purchasing the product, as suggested by De Palma (2007). Consumers
use compensatory and non-compensatory models to strategize their decision-making. This paper
will discuss the fundamentals of these two models and explain how they strategize the
consumer's decision. It will also highlight the differences between the two models as well as
their limitations, exclusively.
The compensatory model is widely used in the decision-making process by consumers.
The decision is arrived at by considering the brand and other features. This model is based on the
premise that good attributes can be traded off with acceptable bad attributes in the process of
decision-making. For instance, if you are looking for a quality low rent house with modern
security technology, swimming pool, and a sizeable backyard, you might decide to compensate
this with a cheaper house with a sea view with conducive attributes that much your desired
preference. Conversely, the non-compensatory model is built on the principle that some
preference attributes cannot be compensated by other attributes that may serve the same
objectivity. Thus, consumer positive and negative considerations may not influence their
decisions.
The compensatory decision makes use of rational choices that include identifying
a...

Related Tags