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Heuristics as decision rules : Part I: the single consumer

Güth, Werner; Neuefeind, Wilhelm - 2001

Many consumption prices are highly volatile. It would certainly overburden our cognitive system to fully adjust to all these changes. Households therefore often rely on simple heuristics when deciding what to consume, e.g. in the form of a constant budget share for a specific consumption...

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

Quantifying consumer preferences

Slottje, Daniel Jonathan - 2009 - 1. ed.

Persistent link: https://www.econbiz.de/10003844657

The existence of homothetic utility functions generating Dutch consumer demand data

Houtman, M.; Maks, J. A. H. - 1983

Persistent link: https://www.econbiz.de/10002967326

Comparative statics of money-goods specifications of the utility function

Paris, Quirino; Caputo, Michael R. - In: Journal of economics 77 (2002) 1, pp. 53-71

Persistent link: https://www.econbiz.de/10001711002

Approaches to Estimating the Health State Dependence of the Utility Function

Finkelstein, Amy - 2009

If the marginal utility of consumption depends on health status, this will affect the economic analysis of a number of central problems in public finance, including the optimal structure of health insurance and optimal life cycle savings. In this paper, we describe the promises and challenges of...

Persistent link: https://www.econbiz.de/10012765310

Wealth in the utility function and consumption inequality

Luo, Yulei; Nie, Jun; Zou, Heng-fu - 2021

Persistent link: https://www.econbiz.de/10012805053

Durable goods and consumer behavior with liquidity constraints : evidence from Norway

Kim, H. Youn; Molina, J. Alberto; Wong, K. K. Gary - 2022

Persistent link: https://www.econbiz.de/10012805217

Cross-dynastic intergenerational altruism

Nesje, Frikk - 2022

I study whether saving behavior reveals socially relevant intertemporal preferences. To this end, I decompose the present generation’s preference for the next into its dynastic and cross-dynastic components in a model of saving. If people are concerned about the next generation as such, then...

Persistent link: https://www.econbiz.de/10013041365

Portfolio selection with drawdown constraint on consumption : a generalization model

Jeon, Junkee; Park, Kyunghyun - In: Mathematical methods of operations research : ZOR 93 (2021) 2, pp. 243-289

Persistent link: https://www.econbiz.de/10012548529

Consumer choice under certainty and uncertainty in applied econometrics

Stigum, Bernt P. - 2021

The paper lists salient characteristics of the certainty theory of consumer choice and discusses the import of … prominent empirical analyses of the theory. All of them reject the theory's empirical relevance which suggests that the theory … is unfit to analyze consumer choice in an uncertain world. The paper presents an extension of the certainty theory to a …

Persistent link: https://www.econbiz.de/10012661252