Hong Kong University of Science and Technology MARKETING DEPARTMENT Seminar on AS TIME GOES BY: WARM INTENTIONS AND COLD FEET FOR REALLY-NEW VS. INCREMENTALLY-NEW PRODUCTS? by Prof John Lynch Roy J. Bostock Professor of Marketing The Fuqua School of Business Duke University Abstract Combining prior theory about really-new products with temporal construal theory, we show in four field studies that consumers state fewer purchase intentions for really-new products relative to incrementally-new products and follow-through less often on those purchase intentions, with the decrement growing with time. We also show that consumers are less likely to think concretely about the circumstances of buying and using the products, and are more poorly calibrated in their expectations of initial product use, and we discuss implications for marketing of and market research on really-new products. Date: May 11, 2007 (Fri) Time: 10:30 – 12:00pm Venue: Room 4379 (via Lifts 17-18)