Carey Morewedge

Professor, Marketing at Boston University

Schools

  • Boston University

Expertise

Links

Biography

Boston University

Carey K. Morewedge researches how high-level cognitive processes such as memory, attention, and mental imagery influence consequential human judgments and decisions. His research is distinctive in elucidating how these basic processes influence judgments of utility—the value or pleasure that experiences provide—often more than the physical properties or market value of experiences. Judgments of utility are consequential as they determine which experiences people choose, how much of experiences they choose to have, and how much money, time, and effort they will spend to acquire or avoid them.

Dr. Morewedge received a PhD in Social Psychology in 2006 from Harvard University. He was a Postdoctoral Researcher Associate in the Woodrow Wilson School of Public Policy from 2006 until 2007. He served as an Assistant and Associate Professor at Carnegie Mellon University in the Department of Social and Decision Sciences and the Marketing group at the Tepper School of Business from 2007 until 2013. In 2014, he joined the Marketing faculty at Boston University.

Dr. Morewedge has been awarded more than $2 million in external research funding. He has published more than 40 articles and chapters in top peer-reviewed journals including Science, Trends in Cognitive Sciences, Journal of Consumer Research, Journal of Experimental Psychology: General, Journal of Marketing Research, Journal of Personality and Social Psychology, Management Science, and Psychological Science.

In 2016, Dr. Morewedge was recognized by Poets & Quants as one of the Top 40 Under 40 Most Outstanding MBA Professors. In 2010, Dr. Morewedge won an award for the Most Theoretically Innovative Article or Chapter of the Year from the Society of Personality and Social Psychology, and won an Ideas of the Year Award from the New York Times in 2009. His research has been featured by major news organizations including The New York Times, The Washington Post, The Economist, Forbes, and Time Magazine. His work has been featured in television and radio interviews with media outlets such as NPR's Science Friday, ABC World News Tonight, and the BBC.

EDUCATION

PhD, Harvard University, 2006 BA, University of Massachusetts at Amherst, 2000

SELECTED PUBLICATIONS

  • Putnam-Farr, E., Morewedge, C. (2019). Comparing one and many: Insights from judgment and decision making for social comparison. In RL, Collins., J, Suls., L, Wheeler. (Eds.), "Social Comparison in Judgment and Behavior", Oxford University Press
  • Longoni, C., Bonezzi, A., Morewedge, C. (2019). "Resistance To Medical Artificial Intelligence", Journal of Consumer Research, 46 (4), 629-650
  • Sellier, A., Scopelliti, I., Morewedge, C. (2019). "Debiasing Training Improves Decision Making in the Field.", Psychol Sci, 30 (9), 1371-1379
  • Morewedge, C., Zhu, M., Buechel, E. (2019). "Hedonic Contrast Effects Are Larger When Comparisons Are Social", Journal of Consumer Research, 46 (2), 286-306
  • Lee, C., Morewedge, C., Hochman, G., Ariely, D. (2019). "Small probabilistic discounts stimulate spending: Pain of paying in price promotions", Journal of the Association for Consumer Research, 4 (2), 160-171
  • Morewedge, C., Kupor, D. (2018). When the absence of reasoning breeds meaning: Metacognitive appraisals of spontaneous thought. In K, Christoff., K, Fox. (Eds.), "The Oxford Handbook of Spontaneous Thought", Oxford 35-46
  • Atasoy, O., Morewedge, C. (2018). "Digital Goods Are Valued Less Than Physical Goods", Journal of Consumer Research, 44 (6), 1343-1357
  • Scopelliti, I., Min, H., McCormick, E., Kassam, K., Morewedge, C. (2018). "Individual Differences in Correspondence Bias: Measurement, Consequences, and Correction of Biased Interpersonal Attributions", Management Science, 64 (4), 1879-1910
  • Morewedge, C., Tang, S., Larrick, R. (2018). "Betting Your Favorite to Win: Costly Reluctance to Hedge Desired Outcomes", Management Science, 64 (3), 997-1014
  • Morewedge, C. (2018). "Was 2017 the worst year ever? It depends on when you're asked.",
  • Buechel, E., Zhang, J., Morewedge, C. (2017). "Impact Bias or Underestimation? Outcome Specifications Predict the Direction of Affective Forecasting Errors", Journal of Experimental Psychology: General, 146 (5), 746-761
  • Symborski, C., Barton, M., Quinn, M., Korris, J., Kassam, K., Morewedge, C. (2017). "The Design and Development of Serious Games Using Iterative Evaluation", Games and Culture, 12 (3), 252-268
  • Tang, S., Morewedge, C., Larrick, R., Klein, J. (2017). "Disloyalty aversion: Greater reluctance to bet against close others than the self", Organizational Behavior and Human Decision Processes, 140 1-13
  • Huh, Y., Vosgerau, J., Morewedge, C. (2016). "Selective Sensitization: Consuming a Food Activates a Goal to Consume Its Complements", Journal of Marketing Research, 53 (6), 1034-1049
  • Barton, M., Symborski, C., Quinn, M., Morewedge, C., Kassam, K., Korris, J. (2016). "The Use of Theory in Designing a Serious Game for the Reduction of Cognitive Biases", Transactions of the Digital Games Research Association, 2 (3)
  • Morewedge, C. (2016). "Why you should bet against your candidate.",
  • Lau, T., Morewedge, C., Cikara, M. (2016). "Overcorrection for Social-Categorization Information Moderates Impact Bias in Affective Forecasting", Psychological Science, 27 (10), 1340-1351
  • Kappes, H., Morewedge, C. (2016). "Mental Simulation as Substitute for Experience", Social and Personality Psychology Compass, 10 (7), 405-420
  • Huh, Y., Vosgerau, J., Morewedge, C. (2016). "More Similar but Less Satisfying: Comparing Preferences for and the Efficacy of Within- and Cross-Category Substitutes for Food", Psychological Science, 27 (6), 894-903
  • Scopelliti, I., Morewedge, C., Min, L., McCormick, E., Kassam, K. (2016). ""Measurement, Consequences, and Debiasing of Correspondent Inference Making"", Academy of Management Proceedings, 2016 (1), 12389-12389
  • Morewedge, C., Yoon, H., Scopelliti, I., Symborski, C., Korris, J., Kassam, K. (2015). "Debiasing decisions: Improved decision making with a single training intervention", Policy Insights from the Behavioral and Brain Sciences, 2 (1), 129-140
  • Scopelliti, I., Morewedge, C., McCormick, E., Min, H., Lebrecht, S., Kassam, K. (2015). "Bias blind spot: Structure, measurement, and consequences", Management Science, 61 (10), 2468-2486
  • Morewedge, C., Giblin, C. (2015). "Explanations of the endowment effect: An integrative review", Trends in Cognitive Sciences, 19 (6), 339-348
  • Hamerman, E., Morewedge, C. (2015). "Reliance on Luck: Identifying Which Achievement Goals Elicit Superstitious Behavior", Personality and Social Psychology Bulletin, 41 (3), 323-335
  • Huh, Y., Vosgerau, J., Morewedge, C. (2014). "Social Defaults: Observed Choices Become Choice Defaults", Journal of Consumer Research, 41 (3), 746-760
  • Morewedge, C., Giblin, C., Norton, M. (2014). "The (Perceived) Meaning of Spontaneous Thoughts", Journal of Experimental Psychology: General, 143 (4), 1742-1754
  • Buechel, E., Zhang, J., Morewedge, C., Vosgerau, J. (2014). "More Intense Experiences, Less Intense Forecasts: Why People Overweight Probability Specifications in Affective Forecasts", Journal of Personality and Social Psychology, 106 (1), 20-36
  • Morewedge, C., Krishnamurti, T., Ariely, D. (2014). "Focused on fairness: Alcohol intoxication increases the costly rejection of inequitable rewards", Journal of Experimental Social Psychology, 50 15-20
  • Garbinsky, E., Morewedge, C., Shiv, B. (2014). "Does liking or wanting determine repeat consumption delay?", Appetite, 72 59-65
  • Tang, S., Morewedge, C. (2014). ""I can profit from my failure, not yours: Loyalty inhibits capitalizing on a close other’s failure"", Academy of Management Proceedings, 2014 (1), 16649-16649
  • Morewedge, C., Garbinsky, E., Shiv, B. (2014). "Interference of the end: Why recency bias in memory determines when a food is consumed again", Psychological Science, 25 (7), 1466-1474
  • Morewedge, C., Buechel, E. (2013). "Motivated Underpinnings of the Impact Bias in Affective Forecasts", Emotion, 13 (6), 1023-1029
  • Morewedge, C., Chandler, J., Smith, R., Schwarz, N., Schooler, J. (2013). "Lost in the crowd: Entitative group membership reduces mind attribution", Consciousness and Cognition, 22 (4), 1195-1205
  • Morewedge, C. (2013). "It Was a Most Unusual Time: How Memory Bias Engenders Nostalgic Preferences", Journal of Behavioral Decision Making, 26 (4), 319-326
  • Giblin, C., Morewedge, C., Norton, M. (2013). "Unexpected benefits of deciding by mind wandering", Frontiers in Psychology, 4
  • Morewedge, C., Todorov, A. (2012). "The Least Likely Act: Overweighting Atypical Past Behavior in Behavioral Predictions", Social Psychological and Personality Science, 3 (6), 760-766
  • Cryder, C., Springer, S., Morewedge, C. (2012). "Guilty Feelings, Targeted Actions", Personality and Social Psychology Bulletin, 38 (5), 607-618
  • Kassam, K., Morewedge, C., Gilbert, D., Wilson, T. (2011). "Winners Love Winning and Losers Love Money", Psychological Science, 22 (5), 602-606
  • Morewedge, C., Huh, Y., Vosgerau, J. (2010). "Thought for Food: Imagined Consumption Reduces Actual Consumption", Science, 330 (6010), 1530-1533
  • Haran, U., Moore, D., Morewedge, C. (2010). "A simple remedy for overprecision in judgment", Judgment and Decision Making, 5 (7), 467-476
  • Morewedge, C., Gilbert, D., Myrseth, K., Kassam, K., Wilson, T. (2010). "Consuming experience: Why affective forecasters overestimate comparative value", Journal of Experimental Social Psychology, 46 (6), 986-992
  • Morewedge, C., Kahneman, D. (2010). "Associative processes in intuitive judgment", Trends in Cognitive Sciences, 14 (10), 435-440
  • Waytz, A., Morewedge, C., Epley, N., Monteleone, G., Gao, J., Cacioppo, J. (2010). "Making Sense by Making Sentient: Effectance Motivation Increases Anthropomorphism", Journal of Personality and Social Psychology, 99 (3), 410-435
  • Morewedge, C. (2009). "Negativity Bias in Attribution of External Agency", Journal of Experimental Psychology: General, 138 (4), 535-545
  • Morewedge, C., Shu, L., Gilbert, D., Wilson, T. (2009). "Bad riddance or good rubbish? Ownership and not loss aversion causes the endowment effect", Journal of Experimental Social Psychology, 45 (4), 947-951
  • Morewedge, C., Kassam, K., Hsee, C., Caruso, E. (2009). "Duration Sensitivity Depends on Stimulus Familiarity", Journal of Experimental Psychology: General, 138 (2), 177-186
  • Morewedge, C., Norton, M. (2009). "When Dreaming Is Believing: The (Motivated) Interpretation of Dreams", Journal of Personality and Social Psychology, 96 (2), 249-264
  • Morewedge, C., Clear, M. (2008). "Anthropomorphic god concepts engender moral judgment", Social Cognition, 26 (2), 182-189
  • Morewedge, C., Holtzman, L., Epley, N. (2007). "Unfixed resources: Perceived costs, consumption, and the accessible account effect", Journal of Consumer Research, 34 (4), 459-467
  • Morewedge, C., Gilbert, D., Keysar, B., Berkovits, M., Wilson, T. (2007). "Mispredicting the hedonic benefits of segregated gains", Journal of Experimental Psychology: General, 136 (4), 700-709
  • Morewedge, C., Preston, J., Wegner, D. (2007). "Timescale bias in the attribution of mind", Journal of Personality and Social Psychology, 93 (1), 1-11
  • Morewedge, C., Gilbert, D., Wilson, T. (2005). "The least likely of times - How remembering the past biases forecasts of the future", Psychological Science, 16 (8), 626-630
  • Epley, N., Morewedge, C., Keysar, B. (2004). "Perspective taking in children and adults: Equivalent egocentrism but differential correction", Journal of Experimental Social Psychology, 40 (6), 760-768
  • Gilbert, D., Morewedge, C., Risen, J., Wilson, T. (2004). "Looking forward to looking backward: The misprediction of regret", Psychological Science, 15 (5), 346-350
  • Gilbert, D., Lieberman, M., Morewedge, C., Wilson, T. (2004). "The peculiar longevity of things not so bad", Psychological Science, 15 (1), 14-19

SELECTED RESEARCH PRESENTATIONS

  • Cadario, R. , Morewedge, C. Reducing monotony for breakfast: A goal based account, Association for Consumer Research, Atlanta, GA, 2019
  • Lee, C. , Buechel, E. , Morewedge, C. Unanticipated emotional benefits of price promotions., Association for Consumer Research, Atlanta, GA, 2019
  • Morewedge, C. ACR Doctoral Symposium, Association for Consumer Reserach, Atlanta, GA, 2019
  • Morewedge, C. BIG Doctoral Workshop, Harvard Business School, 2019
  • Morewedge, C. Decision Aids to Improve and Reduce Bias in Personnel Decisions, CASE Summit for Leaders in Advancement, Boston, MA, 2019
  • Morewedge, C. Digital goods are valued less than physical goods, Department of Marketing, Wharton School of Business, University of Pennsylvania, 2019
  • Yoon, H. , Yang, Y. , Morewedge, C. Tuition myopia: Temporal discounting induces a myopic focus on the costs of higher education, American Marketing Association, San Diego, CA, 2019
  • Morewedge, C. Emotional hedging., IPSR, University of California at Berkeley, 2018
  • Morewedge, C. A cognitive model of thought discernment, Cultures, Minds, and Medicines, Department of Anthropology, Stanford University, 2018
  • Morewedge, C. Evidence that training can improve decision making, Anderson School of Management, UCLA, 2018
  • Morewedge, C. Changing Behavioral Change, MSI Scholars, Breckenridge, CO, 2018
  • Morewedge, C. Digital goods are valued less than physical goods, MSI Trustees Meeting, Boston, MA, 2018

AWARDS AND HONORS

  • 2019, Favorite Elective Professor, Boston University
  • 2018, Fellow, Association for Psychological Science
  • 2018, Outstanding Reviewer, Journal of Consumer Research
  • 2018, Fellow, Society for Personality and Social Psychology
  • 2018, MSI Scholar, Marketing Science Institute
  • 2016, Broderick Award for Excellence in Research, Questrom School of Business, Boston University
  • 2016, 40 Most Outstanding Business School Professors Under 40, Poets & Quants
  • 2016, AOM Annual Meeting Best Paper Award, Academy of Management
  • 2015, Dean's Research Scholar, Questrom School of Business, Boston University
  • 2015, Member, Beta Gamma Sigma
  • 2014, Best Training Paper, Interservice/Industry Training, Simulation, and Education Conference
  • 2010, Most Theoretically Innovative Article or Chapter of the Year, Society for Personality and Social Psychology
  • 2009, Year in Ideas, New York Times
  • 2007, Dissertation Award Finalist, Society for Experimental Social Psychology
  • 1999, Phi Beta Kappa, University of Massachusetts at Amherst

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Trump Made a Media Survey That’s More Rant Than Science

February 22, 2017

Wired Carey Morewedge, Questrom School of Business Yesterday afternoon, following a contentious press conference, President Donald Trump’s campaign team sent his supporters links to an online questionnaire called the Mainstream Media Accountability Survey… Expert quote: ““A lot of these questions are designed in a way to confirm a particular hypothesis,” says Carey Morewedge, an associate professor […]

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Why You Should Bet Against Your Candidate

October 17, 2016

New York Times By Carey Morewedge, Questrom School of Business “When your favorite sports team is defeated, you’re disappointed, even dismayed…” View full op-ed here

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The Difference Between Rationality and Intelligence

September 19, 2016

The New York Times Carey Morewedge, Questrom Are you intelligent — or rational? View full article

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Why Buyers and Sellers Inherently Disagree on What Things Are Worth

May 14, 2016

Harvard Business Review By Carey Morewedge, Questrom School of Business Negotiations involve gaps in perceived value. When we are sellers, we feel that buyers offer too little. When we are buyers, we feel that sellers demand too much. This is true whether we’re actually exchanging goods or services for money, or whether we’re simply trying […]

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The Hidden Science Behind Great Super Bowl Ads

February 5, 2016

AdAge Carey Morewedge, Questrom School of Business Looking at the Top 50 Super Bowl Ads through the lens of behavioral science… View full article quoting expert Carey Morewedge

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12 science-backed tricks for appearing smarter than you are

January 15, 2016

Business Insider Carey Morewedge, Questrom School of Business Some people are indeed born smarter than others — it’s genetics… View full article referencing expert Carey Morewedge

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Why Venmo might be making you spend more

September 29, 2015

Fusion Carey Morewedge, Questrom School of Business In 2009, a pair of entrepreneurs who were former freshman roommates sat down to make up a name for their new peer-to-peer mobile payment app… Expert quote: “When paying for a book with cash, it is very clear that one is spending money, and exactly how much money […]

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Are Your Dreams Ruining Your Day?

September 10, 2015

U.S. News & World Report Carey Morewedge, Questrom School of Business If last night you dreamt about a plane crash and today you had plans to board a plane, would you change your flight?… Expert quote: “People have this belief that dreams reveal more meaningful or special information than similar waking thoughts.” View full article

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Can people learn to curb their chocolate cravings?

July 28, 2015

BBC Magazine Carey Morewedge, Questrom School of Business Can you really cut your cravings for chocolate by pretending to eat it?… Expert quote: “That intuitively seems to make sense, but when we try to avoid something or try to stop thinking about something, immediately you start thinking about that thing. I say ‘don’t think about […]

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Here’s why people work like crazy, even when they already have everything they need

July 14, 2015

Business Insider Carey Morewedge, Questrom School of Business In a talk last year, Google CEO Larry Page raised a radical notion: We all might be working much harder than is necessary… Expert quote: “They may later regret overly virtuous behavior and feel they missed out on the pleasures of life.” View full article  

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