Showing 1 - 10 of 1,088
This paper shows how a firm can use non-targeted advertising to exploit consumers' desire for social status. A … goods signals. If concern for status is sufficiently high, then the firm will only place a single variety on the market. …
Persistent link: https://www.econbiz.de/10010325736
Case studies across the social sciences have established a positive relationship between social status and happiness …-shaped relation between status and happiness. The same trend is much less pronounced in data on 1000 individuals living in the state …
Persistent link: https://www.econbiz.de/10011759085
A large number of empirical studies have investigated the link between social status and happiness, yet in …
Persistent link: https://www.econbiz.de/10011786949
This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment in which participants make a series of choices between...
Persistent link: https://www.econbiz.de/10010325900
Salient social comparisons to peers are generally thought to increase people's productive effort. But social comparisons can also become ends in themselves, with individuals seeking to outrank others by costly, non-productive means. This paper explores the motives behind such tendencies in the...
Persistent link: https://www.econbiz.de/10013272190
A growing economic literature stresses the importance of relative comparisons, e.g., for savings and consumption or happiness. In this literature it is usually assumed that reference standards against which people compare themselves are exogenously given. In contrast findings from social...
Persistent link: https://www.econbiz.de/10010261901
of them can also be used to display social status and to affect the position of an individual in society. This paper … addresses the question under which circum-stances status-seeking behaviour may lead to permanent economic growth in a simple … model. The protestant ethic is interpreted as a special case of status-seeking behaviour. It is shown that societies …
Persistent link: https://www.econbiz.de/10010319306
public. In line with the competitive altruism hypothesis, a biology-based explanation for status-seeking behavior, especially …
Persistent link: https://www.econbiz.de/10010291810
This study investigates experimentally whether people in retrospective are self-aware that they engage in status … self-awareness about status-seeking behavior that is robust to increased belief compensation. We also found that subjects … expected others to be as status-seeking as they are themselves or even less. …
Persistent link: https://www.econbiz.de/10010291831
young people and from altering the typical market mechanism of intergenerational transfer of human capital and social status …
Persistent link: https://www.econbiz.de/10010282603