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Persistent link: https://www.econbiz.de/10011287249
exist in decision making. The study also tries to recognize the prime factors responsible for directing the consumer …’s purchasing decision towards the commodity. The study finds out that the Behavioural traits influence the decision-making approach … while purchasing the commodity and how prominent factors direct the consumer decision …
Persistent link: https://www.econbiz.de/10013237102
This paper analyzes a boundedly rational decision maker who is uncertain about his preference and faces the following …-off there is an optimal number of goods that the decision maker wants to analyze before making his final choice. The choice of … with good consumer service can be a signal for high quality of the store. -- Decision making ; Bounded rationality ; Choice …
Persistent link: https://www.econbiz.de/10003962118
An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...
Persistent link: https://www.econbiz.de/10010403098
When making choices, decision makers often either lack information about alternatives or lack the cognitive capacity to …
Persistent link: https://www.econbiz.de/10011685228
expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive …
Persistent link: https://www.econbiz.de/10012058613
those preferences. In this paper, we present a simple and abstract experiment to elicit paternalistic preferences and also …
Persistent link: https://www.econbiz.de/10014486989
experiment where we incentivize choice, vary the difference in utility between options and track which option participants …
Persistent link: https://www.econbiz.de/10012135537
Empirical evidence suggests that choices are affected by the amount of time available to the decision maker. Time … bargain to decide: the longer is the decision process, the higher is the bargaining power of the slow self when deciding. A …
Persistent link: https://www.econbiz.de/10011703384
presents an individual decision procedure for interacting individuals. According to our model, individuals seek influence from …
Persistent link: https://www.econbiz.de/10011704862