The Influence of Different Meanings of Money Priming on Consumer’s Comparative Decision-Making

With the development of information dissemination, consumers have access to compare different information before making purchase decisions. The present research explores how money priming affects consumers’ comparative decision-making process. While prior research showed that consumers rely more on alignable than nonalignable attributes when evaluating alternative products, this research builds on the structural alignment model and money priming theory verifies that when the concept of abundant (vs. lack) money is primed, consumers will rely more on the nonalignable (vs. alignable) attributes in the comparative decision-making process (Study 1) and the mediating role of cognitive flexibility (Study 2).


Introduction
With the advent of the Internet era, it becomes more convenient for consumers to search information, which helps them have access to compare the advantages and disadvantages of alternative products choices, and make decisions after weighing and comparing them.
In order to attract consumers in the market competition, many enterprises adopt different strategies to ensure that their products stay ahead (Kotler, Keller, Brady, Goodman, & Hansen, 2009). In the differentiation strategy, some enterprises focus on obtaining advantages on the common attributes that all options have (i.e. alignable attributes), while others focus on acquiring advantages on

Comparative Decision Based on Structure Alignment Model
When consumers make purchase decisions, they usually evaluate and compare multiple choices of similar products, so as to form the final purchase intention. This process of comparing the advantages and disadvantages of alternative choices is the process of consumers' comparative decision making (Sun, 2014). Previous studies on comparative decision making are mostly based on structural alignment model (Zhang & Markman, 1998;Zhang & Markman, 2001;Sun, 2010).
Specifically, the structural alignment model refers to the comparison between the information of alternative choices by consumers. In addition to the same attributes and value of all choices, other attributes can be classified into two categories: one is the alignable attribute, and the other is the nonalignable attribute. Alignable attribute refers to that different choice have the same attribute at the same time, only the value has difference in this attribute and nonalignable attributes refer to the unique and differentiated attributes of each choice (Markman & Medin, 1995). For example, if Tablet M and N both show the information of their battery life, Tablet M is 8 hours and Tablet N is 6 hours with the same other configuration information, then the battery life is the alignable attribute in these two products. If Tablet N supports the face recognition function, but Tablet M does in the initial studies on structural alignment models, many researchers have proved that compared with nonalignable attributes, consumers are more inclined to rely on alignable attributes when making comparative decisions (Zhang & Fitzsimons, 1999).
However, with the development of the structural alignment model, it is found that nonalignable attributes are more unique to consumers (Nam, Wang, & Lee, 2012). When consumers have cognitive ability or resources to process complex information (Zhang & Markman, 2001), or when they have lower need for cognitive closure (Zhang, Karde, & Cronley, 2002), or when they make decisions from a distant future than for those in the near future (Malkoc et al., 2005), or make decisions from an abstract and comprehensive perspective (Sun, Keh, & Lee, 2019), or under the influence of other cognitive or information processing factors (Sun, 2014), they will increase the reliance on nonalignable attributes and weaken the influence by alignable attributes in the decision-making process.
In conclusion, consumers' dependence on alignable attributes is not immutable. Many cognitive factors and external environmental factors can increase consumers' attention to nonalignable attributes in the process of comparative decision making.

Money Priming
The concept of money priming was first proposed by Vohs, Mead & Goode (2006) on Science, who studied "money" as a specific concept rather than property or ownership. Money priming is the unconscious activation of individuals' thoughts about money through the use of psychological priming technology, thus changing consumers' cognition of the availability of money. Money as a symbol has always been associated with various types of resources, such as security, status, power, self-confidence and freedom (Matthews, 1991;Goldberg & Lewis, 2000). Therefore, different amount of money has different meanings to individuals. According to the research of social economics, the possession of abundant money resources can improve individual's sense of control over the results and protect the individual from being affected by the unfortunate or unforeseen events in life. However, the lack of money resources will lead individually depressed and has low sense of control (Johnson & Krueger, 2006;Mogilner, 2010 prime. Zhou, Vohs, & Baumeister (2009) proposed that the concept of abundant (vs. lack) money can make individuals believe that external factors are more controllable, so as to enhance their strength, self-confidence and self-efficacy when dealing matters. And the concept of abundant money makes individuals stick longer durations in challenging tasks (Vohs, Mead, & Goode, 2006). Besides, reminders of abundant versus lack money facilitate global, abstract mental construals on cognition level (Hansen, Kutzner, & Waenke, 2013). In addition, individuals who primed with abundant money concept will have a stronger self-sufficiency motivation, and believe similarity with others is a threat (Liu, Smeesters, & Vohs, 2011), so they have more unique demands in product selection (Zhao, 2014).
Therefore, it is inferred that when the concept of abundant money is primed, individuals can improve their ability to recognize and handle matters around them, even difficult tasks like nonalignable information. And they can adopt a high level of interpretation for cognition, so that they can treat problems more comprehensively and abstractly. Besides, they will also avoid being similar to the public and having more unique demands. So we propose that: H1: When the concept of abundant (vs. lack) money is primed, consumers will rely more on nonalignable attributes than the alignable attributes.

Cognitive Flexibility
Cognitive flexibility is the ability of individuals to adapt tasks by adopting various strategies of cognitive processing in order to adapt to the changing new environment (Grattan & Eslinger, 1989;Ionescu, 2012). Martin & Rubin (1995) put forward that cognitive flexibility refers to an individual's ability to deal with conflicts by using alternative methods, which is a characteristic embodied in the individual's cognition of social situations. It contains the components of three aspects. First, individuals have a sense of being able to make multiple choices in any situation; second, individuals are willing to adapt flexibly to certain environment; third, individuals believe in their ability to cope with new situations.
Reviewing the researches on cognitive flexibility, we found that individual's cognitive flexibility is affected by many factors. For instance, when individuals adopt a more general, abstract rather than concrete perspective, their cognitive flexibility will be higher (Hossain, 2018). Duan and Huang (2013) started from the situational focus theory of power, pointing out that individuals with high power perception have more unrestricted freedom and greater personal agency, which makes them have greater selectivity in information processing, so they have higher flexibility in cognition. On the contrary, when individuals have low perception of power and weak control over resources, they will be subject to more cognitive and behavioral constraints, which will make them feel pressure and negative mood, thus undermining the cognitive flexibility.
Previous studies have pointed out that different meanings of money priming can affect individual's cognition (Hansen, Kutzner, & Waenke, 2013). Compared with priming the concept of lack money, when priming the concept of abundant money, individuals will have a stronger sense of control, feel less constrained and more free in the environment (Boucher & Kofos, 2012;Zhou, Vohs, & Baumeister, 2009). In addition, the concept of abundant money will enable individuals to use global, abstract mental construals to recognize things, so that they can handle problems more comprehensively. However, reminders of lack money should trigger more concrete mental representations, which will lead individuals to perceive things at a lower level of explanation and their attention will be excessively occupied by the specific level of content, so they aren't able to see the problem comprehensively (Hansen, Kutzner, & Waenke, 2013;Lu, Wang, & Fu, 2014). Therefore, we suppose that compared with reminders of lack money, when reminders of abundant money will make individuals have a sense of control to the environment, so they are more free and comprehensive in thinking, which will make them not too limited to the specific level of content, so as to be more flexible in cognition.
Researchers found that individuals with high cognitive flexibility can make use of more cognitive resources and have more ability to find other resources to solve problems. Besides, with the improvement of cognitive flexibility, individuals are more responsive, confident and insightful, so they are easier to understand and process different information, connect different fields, accept new ideas, and more inclined to view problems comprehensively from multiple perspectives (Canas et al., 2003;Herd & Mehta, 2019;Jhang, Grant, & Campbell, 2012). And when dealing with difficult tasks, they are easier to process relatively complex information and improve the acceptance of novel and unique information (De Dreu, Baas, & Nijstad, 2008).
In the process of comparative decision-making, when consumers can mobilize more cognitive resources or process information on comprehensive and abstract construction (Zhang & Fitzsimons, 1999;Sun, Keh, & Lee, 2019), they are more inclined to use complex but unique nonalignable attributes for decision-making.
Therefore, we infer that with the increase of cognitive flexibility, individuals will rely more on nonalignable attributes in the process of comparative decisionmaking. Thus, we hypothesize that: H2: When the concept of abundant (vs. lack) money is primed, consumers' reliance on nonalignable attributes (vs. alignable attributes) is driven by cognitive flexibility.

Study
In order to eliminate the influence of brand preference and ensure that the choice of participants is caused by the different reliance on alignable attributes and nonalignable attributes rather than by the attention to individual attribute or the difference caused by the overall attributes attractiveness of the product, we construct virtual product X and product Y through two pre-tests in the formal experiment. We evaluate attributes' importance and attractiveness of two virtual products to ensure Product X has advantage in alignable attribute and Product Y has advantage in nonalignable attribute, but they have the same attractiveness in the whole.

Study 1
The purpose of Experiment 1 is to verify that different meaning of money priming will affect the consumer's reliance on alignable attribute and nonalignable attribute in comparison decision-making. Specifically, when reminder of a great deal of money, consumers will rely more on the nonalignable attributes, and when reminder of lack money, consumers will rely more on the alignable attributes.

Method
Stimuli. In Experiment 1, the stimuli selected was hotel and the researchers constructed two virtual products. The alignable attributes of X hotel were better than that of Y Hotel, while the nonalignable attributes of Y hotel were better than that of X hotel. See Table 1  First, participants were randomly assigned to two money priming conditions.
In the abundant money priming condition, participants were presented with pictures of large denomination bills, in the lack money priming condition, participants were presented with pictures of small coins (Hansen, Kutzner, & Waenke, 2013). Then they were asked to read the information about the two products carefully and to indicate their purchase likelihood for each of the two products on a 7-point scale. Last, they were asked how attractive each attribute was (1 = extremely unattractive; 7 = extremely attractive). Result Manipulations Checks. The construction of two products based on their attribute attractiveness was found to be appropriate. Paricipants rated that there was no significant difference in the overall attractiveness between Hotel X and Hotel Y (M X = 4.27, M Y = 4.19, t (80) = 1.37, p = 0.173); the alignable attribute of Hotel X was more attractive than that of Hotel Y (M X = 6.04, M Y = 2.32; t (80) = 30.776, p < 0.001), the nonalignable attribute of Hotel Y was more attractive than that of Hotel X (M X = 2.44, M Y = 5.95; t (80) = -28.65, p < 0.001). That is to say, in line with the results of pre-test, the construction of two hotels is appropriate.
Purchase Intention. We used a 2 (money priming) * 2 (product) mixed-design ANOVA to analyze participants' purchase intention, with product as a within-participant factor. The results showed that neither the main effect of money priming (F (1, 80) = 0.2, p > 0.05) nor product type (F (1, 80) = 0.18, p > 0.05) was significant. Importantly, the expected money priming * product interaction effect was significant (F (1, 80) = 19.15, p < 0.05). Specifically, in the lack money priming condition, participants' purchase intention was significantly higher for the Hotel X than for the Hotel Y (M X = 4.71, M Y = 3.46, t (40) = 3.477, p < 0.05); in the abundant money priming condition, participants' purchase intention was significantly higher for the Hotel Y than for the Hotel X (M X = 3.62, M Y = 4.65, t (40) = −2.731, p < 0.05) (See Figure 1).

Discussion
Study1 showed that different meanings of money priming do affect consum-

Study 2
The purpose of study 2 is to verify again that reminder of abundant money, consumers will rely more on the nonalignable attributes, and when reminder of lack money, consumers will rely more on the alignable attributes. And further prove this difference is driven by individuals' cognitive flexibility.

Method
Stimuli. In study 2, the stimuli selected was restaurant and the researchers constructed two virtual products. The alignable attributes of Restaurant X were better than that of Restaurant Y while the nonalignable attributes of Restaurant Y were better than that of Restaurant X. See Table 2 for the detailed product attributes.
36 participants (18 females, average age = 20.36) from Chinese university completed the first pre-test by evaluating each attribute's importance of restaurant to determine three groups of attributes in Table 2 of the stimuli: alignable attributes, nonalignable attributes of Restaurant X and nonalignable attributes of  First, participants were randomly assigned to two money priming conditions and read the information about the two products carefully and to indicate their purchase intention for each of the two products on a 7-point scale as Study 1.
Then cognitive flexibility was measured by categorical inclusion task (Chen, Zheng, & Fan, 2013). Last, they were asked how attractive each attribute was (1 = extremely unattractive; 7 = extremely attractive). Result Manipulations Checks. The construction of two products based on their attribute attractiveness was found to be appropriate. Participants rated that there was no significant difference in the overall attractiveness between Restaurant X is driven by individuals' cognitive flexibility. So we created a relative purchase intention index by dividing participants' purchase intention rating of the superior-alignable product by their rating of the superior-nonalignable product (Johnson & Krueger, 2006). Then we use Bootstrap analyses with 5000 sample size and the 95% confidence interval to test the mediation effect. The results showed that the indirect effect of cognitive flexibility on purchase intention index was significant at 95% confidence interval (LLCI = −0.2812, ULCI = −0.0186). However, the direct effect of money priming was still significant after adding cognitive flexibility (LLCI = −0.8143, ULCI = −0.4093, p < 0.05). It proved that the effect of money priming on purchase intention was partially mediated by cognitive flexibility. Discussion Study 2 provided additional support for the hypothesis 1 by using another stimuli, which verifies the robustness of money priming's effect on consumers' reliance in the comparative decision-making process. Besides, when the concept of abundant (vs. lack) money is primed, consumers' cognitive flexibility will be higher, which leads consumers' preference to use nonalignable (vs. alignable) attribute, that is, cognitive flexibility plays a mediating role in this effect.

General Discussion
With the development of the structure alignment model, more scholars are exploring the influence factors in the process of information processing of comparative decision-making. Such as cognitive ability or resources (Zhang & Markman, 2001), information processing mode (Sun & Wang, 2016), need for cognitive closure (Zhang, Karde, & Cronley, 2002), or consumption goals (Murshed, Nagpa, & Moosa, 2018), information's presentation format (Sun, 2011) etc. Based on the theory of money priming, this paper proved money as a situational factor that affects individuals' cognition and behavior, and further verifies the influence of different meanings of money priming on consumers' alignable and nonalignable attributes reliance tendency in the process of comparative decision-making. Specifically, when the concept of abundant (vs. lack) money is primed, consumers will rely more on nonalignable attributes than the alignable attributes, and this effect is mediated by cognitive flexibility.
In terms of marketing implications, as consumers have access to compare enough information between alternative products, which requires enterprises to cater for the tastes and needs of customers. In the fierce market competition, enterprises will gain competitive advantage by continuously optimizing the value of a certain attribute, or providing differentiated value which is lacking in the current market. According to the previous research findings, products that often gain advantages in alignable attributes will be more competitive. However, not all enterprises can get comparative advantage in alignable attributes, so many enterprises often choose to give products some unique nonalignable attributes to get advantage of differentiation. According to the conclusion of this study, when enterprises want to highlight the advantage of nonalignable attributes in competition, they can add some clues (such as gold decoration in shopping malls, luxury words in advertising language, etc.) in the environment to stimulate consumers' sense of wealth, so as to improve their attention and reliance to nonalignable attributes. Similarly, when enterprises want to highlight the advantages of alignable attributes in the competition, they can increase consumers' attention by adding some clues that can stimulate consumers' sense of lack or deprivation of money. That is to say, in the design or presentation of product information, enterprises can cater to consumers' psychological preferences by adding some money clues with different meanings and emphasizing different attributes.
In terms of theoretical contribution, this study enriches the research of money priming in the field of marketing. Previous research on money priming has been applied to impulse purchase (Zhang, Karde, & Cronley, 2002;Zhao, Jing, & Tao, 2016), need for uniqueness (Zhou et al., 2009), brand evaluation (Hansen, Kutzner, & Waenke, 2013) etc. This paper puts forward the influence of different meanings of money priming on consumers' comparative decision-making. Furthermore, previous studies based on structural alignment model have pointed out that consumers tend to rely on the alignable attribute which is simple and easy to process in the process of comparative decision-making (Grattan & Eslinger, 1989;Markman & Medin, 1995;Nam, Wang, & Lee, 2012). We propose that consumers' reliance on different attributes can be moderated by money priming. That is, compared with the concept of lack money priming, the concept of abundant money priming can improve consumers' reliance on the nonalignable attribute which is unique but more difficult to process. In future research, researchers can further explore whether the same effect can be brought when the concept of money expenditure is primed. In this article, we only manipulated the money deficiency. But based on the theory of social resources and self-sufficiency, the effect of money deficiency is the same as that of money deprivation (Zhou, Vohs, & Baumeister, 2009;Hansen, Kutzner, & Waenke, 2013). In addition, the cognitive flexibility proposed in this paper has been proved to only play a partially mediating role in consumer's comparative decision-making. It is urgent to further explore the other psychological or cognitive mechanisms that affect consumers' reliance on different types of attributes.