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This thesis contributes to the development of theoretical and experimental approaches that extend the analysis of risk preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters are concerned with extensions and applications...
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In his book The Socialist Case, first published in 1937, Douglas Jay wrote: ‘in the case of nutrition and health, just as in the case of education, the gentleman in Whitehall really does know better what is good for people than the people know themselves.’ This phrase became notorious, and,...
Persistent link: https://www.econbiz.de/10009440904
Labels, certifications and endorsements signaling the quality of food have an impact on the purchasing choices of multiple segments of US consumers. At the same time, not much is known about the relationships between the sources providing information through these quality signals and consumer...
Persistent link: https://www.econbiz.de/10009444571
Residential consumers remain reluctant to choose new electricity suppliers. Even the most successful jurisdictions, four U.S. states and other countries, have had to adopt extensive consumer education procedures that serve largely to confirm that choosing electricity suppliers is daunting....
Persistent link: https://www.econbiz.de/10009445495
Trivial or irrelevant attributes are defined as attributes that do not create a meaningful difference in a brand’s performance. The objective of this paper is to determine if and how trivial attributes affect consumers in their choice of variety/brands of food products including frozen green...
Persistent link: https://www.econbiz.de/10009446504
Purpose of this paperMuch of the literature on consumer empowerment focuses on consumers’ efforts toregain control of their consumption processes from suppliers. Our purpose is to arguethat many suppliers achieve success by trying hard to empower consumers. Themechanism by which this takes...
Persistent link: https://www.econbiz.de/10009465513
Entscheidungstheorie aufgefasst werden, geht es doch hier praktisch immer um das Treffen der jeweils „richtigen“ Entscheidung. Zentraler … Problemlösung und Entscheidungsfindung in der unternehmerischen Praxis.Die Entscheidungstheorie ist ein Zweig der angewandten … Bereich der Entscheidungstheorie und auch Kernpunkt dieser Arbeit ist die Entscheidungsfindung unter Unsicherheit …
Persistent link: https://www.econbiz.de/10009434210
economics, decision theory, the economics of sustainability and cost benefit analysis. The thesis is structured in three parts … underlying model and analyzes the interaction with other characteristics of intertemporal decision making. The latter include an … decision maker has to choose a zero rate of pure time preference. Instead of devaluing the future for reasons of sheer …
Persistent link: https://www.econbiz.de/10009476176
Die Arbeit beschäftigt sich mit einer axiomatischen Charakterisierung von Wahlfreiheit. Im ersten Teil analysiere ich im statischen Kontext bestehende Axiomensysteme und erarbeite ihre impliziten normativen Annahmen und Defizite. Aus ihnen leite ich die Notwendigkeit ab, sowohl die...
Persistent link: https://www.econbiz.de/10009476225