How do preferences change when consumers focus on the anticipated satisfact
ion with a purchase rather than choice? In a series of three studies, we sh
ow that preferences, both expressed and revealed. change depending on the d
egree to which anticipated satisfaction is evoked. These shifts in preferen
ces arise because, compared to choice, anticipated satisfaction elicits a m
ental-imaging processing strategy that is both more effort intensive and qu
alitatively different. By providing direct evidence from thought protocols
and by presenting evidence suggesting that these shifts in preferences vani
sh when mental imagery is discouraged or made more difficult, we show that
the effect arises out of a processing strategy that requires effortful ment
al imagery of one or more of the options in the decisionmaking task. Finall
y, we demonstrate the uniqueness of the effect by showing that it cannot be
generated with heightened processing or by an orientation that is directed
toward the extent to which the options are liked.