Consumer Reactions to Round Numbers in Brand Names
Gunasti, Kunter and Timucin Ozcan ” Consumer Reactions to Round Numbers in Brand Names,” 2016, Marketing Letters. 27(2): 309–322, DOI:10.1007/s11002-014-9337-7
22 Pages Posted: 6 Mar 2015 Last revised: 15 Nov 2016
Date Written: 2016 12, 2016
This research shows that round numbers (e.g., 10, 50, 100) are strongly associated with completeness perceptions and consumers view them as thresholds for reaching certain completeness levels. In nine empirical studies, we demonstrate that round numbers in brand names, i.e., Round Alphanumeric Brand names (RABs) are overrepresented due to their strong association with product completeness.We find that RABs lead to favorable product evaluations and increased preferences. We examine alternative explanations based on other number properties including magnitude, divisibility, popularity, and familiarity and show that the effects of RABs on consumer responses are only mediated by the perception of product completeness.
Keywords: Round numbers, Brand names, Alphanumeric, Complete products, Numerical processing
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