12 Questions
What best describes a 'need' according to the text?
A basic requirement for human functioning
Which term refers to 'what we're actually willing to pay for'?
Demands
What is considered a psychological need according to the text?
Intellectual stimulation
Which knowledge is described as 'the sum total of expectations of what solutions are best at addressing needs'?
Wants Knowledge
What is a momentary judgment when determining specific realistic wants based on pressing needs?
Assessing most pressing needs in every moment
'Value Knowledge' is defined as the totality of casual understanding of the world and what else according to the text?
Scientific casual or technical knowledge
What is the term used in the text to describe assessments of imagined value based on our causal knowledge?
Predictive Valuations
Which term refers to an individual's understanding of their own subjective needs, wants, and preferences?
Value Knowledge
What is the term used to describe the failure to sate a need according to the text?
Unsatisfaction
Which mental process is described as using sensory input as a movie reel to imagine future experiences?
Mental Simulation
What can individuals do by playing memories back through their minds according to the text?
Relive memories
'Value knowledge' is described as the individual's casual knowledge of what, how, and why certain solutions improve __________.
Well-being
Test your understanding of predictive valuations, value knowledge, and mental simulations in consumer behavior. Learn about how consumers predict future valuations through imaginative mental play and sensory input. Explore the concept of mental simulation and its role in decision-making.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
