Barrett

Barrett, The Honors College at Arizona State University proudly showcases the work of undergraduate honors students by sharing this collection exclusively with the ASU community.

Barrett accepts high performing, academically engaged undergraduate students and works with them in collaboration with all of the other academic units at Arizona State University. All Barrett students complete a thesis or creative project which is an opportunity to explore an intellectual interest and produce an original piece of scholarly research. The thesis or creative project is supervised and defended in front of a faculty committee. Students are able to engage with professors who are nationally recognized in their fields and committed to working with honors students. Completing a Barrett thesis or creative project is an opportunity for undergraduate honors students to contribute to the ASU academic community in a meaningful way.

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An Analysis of Consumer Demand for Digital Songs

Description
In this paper I seek to understand how consumers value music today by investigating what consumers are willing to pay for digitally downloaded songs (such as the ones available on the iTunes or Amazon music stores) and the variety of factors that influence their willingness to pay. I conducted a…

In this paper I seek to understand how consumers value music today by investigating what consumers are willing to pay for digitally downloaded songs (such as the ones available on the iTunes or Amazon music stores) and the variety of factors that influence their willingness to pay. I conducted a survey and received over 500 responses regarding willingness to pay for single-song downloads, consumer sentiment on whether music should be free, streaming service use, and other information pertaining to music consumption behavior. Through this research I found that paid-streamers are willing to pay more for songs than those who do not pay to stream, all else being equal. Further, Free-streamers are not willing to pay significantly more or less than non-streamers. This finding is additional information to other research that suggests streaming acts as a substitute for sales. I also found that most consumers are in the middle when it comes to the debate for whether music should always be free or always be purchased. Where someone aligns on the spectrum is a statistically significant contributing factor to what that person is willing to pay for a song. My findings also suggest that consumer preferences distinguish between benefit derived from music ownership and benefit derived from the ability to listen to music. This information sheds more light on the reason behind the declining digital download market.
ContributorsRodriguez, Stefan Daniel (Author) / Mandel, Naomi (Thesis director) / Veramendi, Gregory (Committee member) / Department of Economics (Contributor) / Department of Finance (Contributor) / Department of Information Systems (Contributor) / Barrett, The Honors College (Contributor)
Created2018-05
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Escaping the Problem: Consumer’s Reactions to a Self-Discrepancy

Description
Self-discrepancies motivate consumers to reduce the discrepancy’s negative effects by seeking products that make them feel better. Consumers use various strategies to mitigate these effects through within-domain purchases, across-domain purchases, or purchases designed to distract. Currently, there is a gap in the literature regarding how consumers trade off various compensatory…

Self-discrepancies motivate consumers to reduce the discrepancy’s negative effects by seeking products that make them feel better. Consumers use various strategies to mitigate these effects through within-domain purchases, across-domain purchases, or purchases designed to distract. Currently, there is a gap in the literature regarding how consumers trade off various compensatory consumption strategies when they face the option to evaluate different strategy at the same time. Through the current research presented here, as well as two proposed studies, I aim to find that people prefer escapism products and services (versus direct resolution and fluid consumption) when faced with a self-discrepancy. I address the literature gap by proposing studies for a mediator (working memory capacity) and a moderator (ease of the solution) on this relationship. This phenomenon occurs because self-discrepancies decrease working memory capacity (cognition): when cognitive resources are low, people will tend to prefer affective stimuli (escapism products). Finally, I plan an experiment to show that difficulty moderates this relationship. When the relative difficulty of the escapism solution is high, participants may be more likely to choose a different, relatively easier strategy. The current findings and suggested future studies contribute to the literature on compensatory consumption, escapism, and working memory capacity.
ContributorsForman, Jacob Reuben (Author) / Mandel, Naomi (Thesis director) / Lisjak, Monika (Committee member) / Department of Marketing (Contributor) / Department of Psychology (Contributor) / Department of Economics (Contributor) / Barrett, The Honors College (Contributor)
Created2020-05