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The Impact of Word of Mouth and the Facilitative Effects of Social Media   141

               attribution about the cause of the negativity, serve to attenuate the impact
               of negative WOM. For example, Herr, Kardes, and Kim (1991) showed
               that an established prior memory of the brand and/or the presence of ex-
               tremely negative attribute information reduces or attenuates the impact of
               negative WOM. In addition, when negative WOM is attributed to the
               communicator (and not the brand), consumers tend not to decrease their
               evaluation of the brand (Laczniak, DeCarlo, & Ramaswami, 2001). The
               latter authors argued that these findings fit in nicely with those of Herr,
               Kardes, and Kim (1991) because communicator-based attribution is pre-
               sumably perceived as nondiagnostic by the consumer.
                  One can gain an understanding of why the common perception among
               practitioners and academics is that negative WOM has significantly greater
               impact than positive WOM. First, WOM information is “vivid” in the sense
               that  it  is  communicated  face-to-face  and,  as  defined  by  the  American
               Heritage Dictionary (1975), such information is “heard, seen or felt as if it
               were real.” Second, negative information conveyed about a company or
               product by others is diagnostic, in the sense that it is typically rarer than
               positive information, and thus helps the consumer discriminate between
               alternative hypotheses, interpretations, or categorizations (Herr, Kardes,
               and Kim, 1991).
                  In an attempt to examine the underlying processes that regulate the ef-
               fect of positive versus negative information, Ahluwalia (2002) examined
               consumers’ written responses to familiar versus unfamiliar brands when
               given information varying in valence about the brand. When the brand
               was unfamiliar to the subject, the negative information elicited more sup-
               porting arguments and was perceived to have more diagnosticity and
               weight. Under the familiar brand condition, there was no significant dif-
               ference in the impact of positive versus negative information in terms of
               either weight or diagnosticity. Hence, consistent with the findings of Herr,
               Kardes, and Kim (1991), Ahluwalia (2002) found that brand familiarity
               mediated the impact of the diagnosticity of negative information on brand
               evaluation. She further argued that for known brands, positive informa-
               tion may potentially be perceived to be more diagnostic than negative in-
               formation. Indeed if the weight of WOM being communicated in the field
               is linked to known versus unknown brands, then the dearth of significant
               effects for the impact of negative WOM is more easily understood.
                  Researchers have taken particular interest in the effect of social media
               on predicting movie box office success as a function of information va-
               lence versus quantity. For example, Asur and Huberman (2010) examined
               the degree and polarity of “tweets” on movie sales, findings that the rate of
               tweets was far more predictive than the polarity of the tweets. The findings
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