“…The theory has been applied in a variety of settings such as academic research (Crane, 1969;Moody, 2004), fashion (Crane, 1998;Kim, Rhee, & Yee, 2008), patents (Chang, Lai, & Chang, 2008;He & Fallah, 2008), and movies (Duan, Gu, & Whinston, 2008;Ko et aI., 2008). Yet despite its popularity, critics have noted a major limitation with the theory.…”