Understanding Retail Therapy

What is the primary purpose of retail therapy?

• To enhance decision-making skills

• To increase social interactions

• To improve mood by purchasing items

• To save money

According to the self-regulation theory, what are individuals balancing?

• Their social and personal life

• Their diet and exercise

• Their work and leisure time

• Their thoughts, emotions, impulses, and behaviors

What did the 2011 study on college students reveal about retail therapy?

• It is only effective for older adults

• Most students purchased items to cheer themselves up

• It leads to financial problems

• It is ineffective in improving mood

Why might retail therapy not be effective for emotions like anger?

• Because it involves spending too much money

• Because it doesn't change the actions of others causing the anger

• Because it is only effective for positive emotions

• Because it requires too much planning

What is mental accounting in the context of retail therapy?

• A strategy to increase savings

• A technique to improve memory

• A way to manage spending and avoid guilt

• A method to track calories