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The single consumer

Güth, Werner; Neuefeind, Wilhelm - 2001

Persistent link: https://www.econbiz.de/10001597176

Heuristics as decision rules, Part I: The Cobb-Douglas consumer

Güth, Werner; Neuefeind, W. - In: Homo oeconomicus 18 (2001) 1, pp. 177-197

Persistent link: https://www.econbiz.de/10001617032

Heuristics as decision rules : Part I: the single consumer

Güth, Werner; Neuefeind, Wilhelm - 2001

these changes. Households therefore often rely on simple heuristics when deciding what to consume, e.g. in the form of a … commodities as food items. Using utility functions we can measure the welfare loss, caused by such heuristics, and to what extent …

Persistent link: https://www.econbiz.de/10009612561

Hicksian surplus measures of individual welfare change when there is price and income uncertainty

Blackorby, Charles; Donaldson, David; Weymark, John Allan - In: Rational choice and social welfare : theory and …, (pp. 195-213). 2008

Persistent link: https://www.econbiz.de/10003768671

Machiavelli versus concave utility functions : should bads be spread out or concentrated?

Frijters, Paul; Krekel, Christian; Ulker, Aydogan - 2020

Is wellbeing higher if the same number of negative events is spread out rather than bunched in time? Should positive events be spread out or bunched? We answer these questions exploiting quarterly data on six positive and twelve negative life events in the Household, Income and Labour Dynamics...

Persistent link: https://www.econbiz.de/10012180363