5. General discussion and implications
5.1. Summary and managerial implications Addressing Lichters et al.'s (2015) call for further research and taking the limitations of prior studies into account (Table 1), this study used an enhanced experimental design to examine the compromise effect in respect of durables. The first of the two studies considered choices between real durable products with realistic prices, a meaningful set of product attributes, and visual stimuli, while allowing the participants to evaluate the products, offering a no-buy option, controlling for their perception of the choice alternatives, and limiting the number of choice tasks. The results provide evidence of the compromise effect's robustness in binding choices between durables. A further comparison of the effect's magnitude in binding choices reveals a significantly stronger effect in respect of durables than FMCG. These results extend recent metaanalytical work on the compromise effect in hypothetical decisions (Neumann et al., 2016), showing that the effect's increase in respect of durables generalizes to realistic binding choices. As binding buying decisions regarding durables entail a higher perceived risk, this study's results support the notion that the compromise effect is a result of applying complex decision rules instead of effortless choice heuristics (e.g., Dhar & Gorlin, 2013; Khan et al., 2011; Lichters, Brunnlieb, et al., 2016).