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UROP Proceedings 2010-11

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Consumer NostalgiaAdvisor : HONG Jiewen / MARKStudent : HE Yirou / ISOM(<strong>UROP</strong>1000, Summer 20<strong>11</strong>)Nostalgia, for many people, is a “joyous” experience that can generate positive affectivity andgive rise to a “feeling of elation” and raise the level of happiness. Enhancing positiveself-regard proposes that nostalgia puts people’s earlier selves in a positive light and furtheradds recognition to “the self”. Nostalgia can also make people more affirmed to theirrelationship with others and make them feel more loved and protected, and can make themperceive their lives in a more meaningful way. After studying literature on nostalgia, I comeup with a hypothesis that “the more nostalgic people feel, the more likely they are willing toget involved in voluntary work”.Information Availability v.s. Level of MaterialismAdvisor : HONG Jiewen / MARKStudent : LI Ka Yee / ECON(<strong>UROP</strong>1000, Summer 20<strong>11</strong>)This idea arises when I think of my days as a child. Back then, I knew nothing about trend,fashion and luxury items. So, I was comfortable with what I wore and what I had. When Igrew up, I started to learn about luxury from magazines, media, television and friends, and thedesire to own some of these items increased. However, when I ask my mother about luxuryitems, she is familiar with them but she is not interested in owning any of them. Therefore, Iaim to investigate through the study to find out whether this pattern in common among thegeneral public.Nostalgia and Its Effect on Risk TakingAdvisor : HONG Jiewen / MARKStudent : MAK Siu Fung / ECON(<strong>UROP</strong>1000, Summer 20<strong>11</strong>)Nostalgia is generally understood by psychologists as an emotion from longing for the past; itcan be either joyous or sad, but research shows that it is often the former. From marketers’perspective, nostalgia is consumers’ common preference towards objects from when theywere young. This study focuses on the psychology aspect of nostalgia and its effect on one’srisk-taking behavior. It is believed nostalgia affects people’s risk-taking behavior for both thelow and high life continuity individuals.70

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