Measures the subjective uncertainty and adverse consequences consumers associate with purchase decisions across five risk dimensions. Jacoby & Kaplan's multidimensional framework is foundational to consumer risk research. Perceived risk is a key barrier to purchase, especially in high-involvement and online contexts.
Jacoby, J., & Kaplan, L.B. (1972). The components of perceived risk. Proceedings of the Third Annual Conference of the Association for Consumer Research (pp. 382–393).
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