remind us that familiarity and recollection need not be mutually exclusive, and can include additional processes such as judging likeness of a remembered object. We argue that consumer contexts (here prices) are scenarios which might be replete with both familiarity and recollection aspects. Consumers are accurate at using information about previously stored prices, but they often seem to store this information as fuzzy memory traces rather than exact price representations
(Vanhuele and Drèze, 2002). Thus, this pathway assumes that a presented price that feels familiar, owing to perceptual and/or conceptual fluency feelings, may be judged as acceptable because prices are not typically judged relative to exact prices. At the same time, aspects of memory associated with recollection might also be engaged during price evaluations because consumers are adept at storing and identifying price ranges (Vanhuele and Drèze, 2002).