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Lisa Bolton
Assistant Professor of Marketing


Assistant Professor Lisa Bolton investigates how managers forecast the success of new products, how consumers estimate prices and judge price fairness, and how remedies alter risk perceptions and risky behavior, among other topics.

Professor Bolton's research investigates "stickiness" in judgment, that is, judgments that persevere and are difficult to change. On the one hand, her research finds that scenarios and analogies lead to sticky new product forecasts by managers that may contribute to the failure rates of new products. On the other hand, product evaluations based on a consumer's identity are difficult to change and can serve as a potential source of brand loyalty. In addition, Bolton's research on price fairness points to a gap between how consumers and managers think: consumers tend to believe that prices are unfair, and reminding them of inflation and other costs does little to improve their fairness perceptions. Recent work also investigates how the marketing of "remedy" products such as nicotine replacement patches, the now-ubiquitous debt consolidation loan, and identity theft products affect consumer risk perceptions and risky behavior.

Professor Bolton's research has been published in top-tier academic journals including the Journal of Consumer Research, the Journal of Marketing Research and the Journal of Consumer Psychology. Her teaching interests focus on Consumer Behavior, Marketing Research, and New Product Development.

Professor Bolton received her PhD in Marketing from the University of Florida, her Master's Degree from the University of Toronto, and her Bachelor's Degree from the Royal Military College of Canada.

Current Research Papers
Lisa Bolton, Hean Tat Keh, Joseph W. Alba "Culture and Marketplace Effects on Perceived Price Fairness: China and the USA"
Wenbo Wang, Hean Tat Keh, Lisa Bolton "Health Remedies: From Perceptions to Preference to a Healthy Lifestyle"
Lisa Bolton, Joseph W. Alba "When Less is More: Consumer Aversion to Waste"
Lisa Bolton "Believing in First Mover Advantage"

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Publications
Lisa Bolton, Americus Reed II, Kevin G. Volpp, Katrina Armstrong, (2008), "How Does Drug and Supplement Marketing Affect a Healthy Lifestyle?", Journal of Consumer Research ,  Forthcoming
Lisa Bolton, Joseph W. Alba, (2006), "Price Fairness: Goods and Service Differences and the Role of Vendor Costs", Journal of Consumer Research,  33 (Sep), 258-265
Lisa E. Bolton, Joel B. Cohen, Paul N. Bloom, (2006), "Does Marketing Products as Remedies Create 'Get Out of Jail Free' Cards?", Journal of Consumer Research,  33, (June), 71-81.
Lisa Bolton, Americus Reed II, (2005), "The Complexity of Identity", Sloan Management Review, 46 (3), 18-22
Lisa E. Bolton, Americus Reed II, (2004), "Sticky Priors: The Perseverance of Identify Effects on Judgment", Journal of Marketing Research, 41, (Nov.) 397-411

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Awards
AMA Sheth Foundation Doctoral Consortium Faculty,  2007
MSI Young Scholar’s Program,  2005
Journal of Consumer Research Outstanding Reviewer Award,  2005
Procter & Gamble Marketing Innovation Research Award,  1999
John A. Howard AMA Doctoral Dissertation Award,  1999

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Bolton Lisa
Lisa Bolton
700 Jon M. Huntsman Hall
3730 Walnut Street University of Pennsylvania
Philadelphia , PA 19104
Phone: (215) 898-5404
Fax: (215) 898-2534
boltonl@wharton.upenn.edu

Research Interests: Judgment, prediction and decision-making by managers and consumers, with substantive interests in new products, pricing, consumer finances, health marketing, and marketing strategy.
Current Projects:
Current empirical work investigates how managers forecast the success of new products, how consumers estimate prices and judge price fairness, how remedies alter risk perceptions and risky behavior, and how consumers estimate personal spending and plan budgets.
 


Last Modified September 18, 2009