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The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies

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Published on: August 25, 2023

Sentimental value and its influence on hedonic adaptation.

Yang Yang¹, Jeff Galak²

¹Marketing Department, Warrington College of Business Administration.

Journal of Personality and Social Psychology

|October 20, 2015

Summary

Sentimental value helps people adapt less to possessions over time. This occurs because focus shifts from item features to cherished associations, preserving the item's importance.

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Area of Science:

Psychology
Consumer Behavior
Social Psychology

Background:

Sentimental value is common but understudied.
Its influence on hedonic adaptation is not well understood.

Purpose of the Study:

Introduce and define sentimental value.
Investigate its impact on hedonic adaptation.
Explore the underlying psychological mechanisms.

Main Methods:

Conducted 7 studies.
Examined antecedents of sentimental value.
Used naturally occurring and manipulated sentimental items.
Tested moderation and mediation effects.

Main Results:

Sentimental value hinders hedonic adaptation.
Feature-related utility decreases over time, but sentimental value often does not.
Sentimental value moderates the impact of utility decline on adaptation.
Focus shifts from item features to associated meanings.

Conclusions:

Sentimental value is a key factor in long-term attachment to possessions.
Understanding this phenomenon has implications for individuals and consumer behavior.
Further research can explore related psychological constructs.