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Heuristics as Decison Rules - Part I: The Single Consumer.
Guth, W.; Neuefeind, W. - Flinders Business School, Flinders University of South … - 2001
Many consumption prices are highly volatile. It would certainly overburden our cognitive system to fully adjust to all … constant budget share for a specific consumption commodity, like a vocation, or of a constantconsumption amounty for low …
Persistent link: https://www.econbiz.de/10005609502
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A Theoretical and Empirical Investigation into Consumers' Brand Choice Process under Information Uncertainty.
Talukdar, D. - William E. Simon Graduate School of Business … - 1995
Persistent link: https://www.econbiz.de/10005633635
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Bliss and the Permanent Income Hypothesis.
Laroque, G.; Lemaire, I. - 1996
We study the optimal consumption behavior under the set of assumptions associated with the permanent income hypothesis … infinity, and show that the simple linear consumption function is no more the optimal solution of the problem under free …
Persistent link: https://www.econbiz.de/10005486800
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Disaggregation in Flexible Demand System: the Block-AIDS.
Baily, R.W.; Brenton, P. - Department of Economics, University of Birmingham - 1996
In this paper, we seek to adapt the analysis of Moshini et al by proosing a block structure for the price parameter matrix. This approch is slightlymore restrictive in terms of constraining the substitution effects in a s ingle level demand system, and so conserves further degrees of freedom.
Persistent link: https://www.econbiz.de/10005738237
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Maximisation and the Act of Choice.
Sen, A. - Banca d'Italia - 1996
The act of choosing can influence maximizing behaviour for at least two distinct reasons: 1) process significance and 2 …, social and political behaviour. …
Persistent link: https://www.econbiz.de/10005780681
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A Study of Personal Financial Planning Process and Socio-Economic Decision-Making in Households
Sweety - 2016
In the current era, planning of finance is assuming extreme importance as myriad financial products are available and individuals' demands are increasing. Personal financial planning is a process which outlines one's financial objectives and takes financial decisions in a manner that his goals...
Persistent link: https://www.econbiz.de/10012986343
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An Exploratory Inquiry on the Antecedents of Prestige Judgments.
Czellar, S. - Geneva School of Economics and Management, Université … - 2001
How do consumers evaluate the prestige of a person of an object? This paper proposes an empirical exploration of this question from a symbolic interactionist point of view.
Persistent link: https://www.econbiz.de/10005478989
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How Consumers Decide to Adopt New Products: A Descriptive Model.
Klophaus, R. - 1996
A descriptive model of boundedly rational adoption behavior of consumers is developed. This model is based on prospect theory proposed by Kahneman and Tversky and on the discrepancy model, an adaptive learning model, often used in social psychology. It is shown that a normative model of rational...
Persistent link: https://www.econbiz.de/10005780034
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Sustainable Consumption and Mass Communication: A German Experiment
Reisch, Lucia; Spash, Clive L; Bietz, Sabine - Ecosystems Sciences Division, Commonwealth Scientific … - 2008
This paper reports on using television and internet communication as a means of engaging the least interested sections of society with respect to environmental problems and sustainability issues. The theory behind developing such communication is described and the importance of social...
Persistent link: https://www.econbiz.de/10005670828
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Sequential optimization, front-loaded information, and U.S. consumption
Willman, Alpo - 2007
In an overlapping generations maximization framework with consumers, whose information on uncertain future income … realizations is front loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form … life-time wealth and then the optimal consumption path. The derived model captures precautionary saving, which is dependent …
Persistent link: https://www.econbiz.de/10011604811