“…A major difference between promotion focus and prevention focus is a differential sensitivity toward positive and negative outcomes (Higgins, 1998). The consumer psychology literature has demonstrated that goal orientation has an impact on endowment effect (Higgins, 2002;Liberman, Idson, Camacho, & Higgins, 1999), the status quo bias (Chernev, 2004), mental accounting (Pham & Avnet, 2004), brand extension (Yeo & Park, 2006), framing effect (Jain, Lindsey, Agrawal, & Maheswaran, 2007;Sett, 2014), attractiveness effect (Mourali, Bckenholt, & Laroche, 2007), the extent to which consumers use price information as an indicator of quality or sacrifice (Lin, Wu, Chuang, & Kao, 2007), variety seeking (Wu & Kao, 2011), team performance (Anne, Daan, & Dirk, 2013), radical innovation (Lameez & Daan, 2014), and creativity (Huang & Luthans, 2015).…”