Understanding how an adequate food security may be determined, how nutritional intakes evolve over time and are influenced by global dynamics are few of the questions scholars are trying to answer. In addition, a great interest is devoted to the changes in consumers’ preferences and...

Despite persistent efforts to deal with life's economic challenges, most Ghanaians are financially insecure, making the pursuit of lifelong goals more difficult. Given these realities, financial literacy and consumer financial stability appear viable strategies for promoting economic stability....

SUMMARY: This note examines how the concept of utility has led neo-classical economists astray. It first briefly reviews the thoughts of the early pioneers who have engaged these economists on the utility trail. It next scrutinizes the requirements imposed on the preference set of the consumer...

The demand behavior of the different goods and services is a key component that shapes the structure of an economy, and its analysis is economic policies, such as taxation and promotion of productive development. Within the many demand systems posed in the theoretical and empirical literature,...

This document is about the theoretical foundations of neoclassical consumer theory. In the first part, the document makes a presentation of the Arrow-Debreu model and presents the problem of maximization of utility and minimization of expenditure from the real approach (set theory). In the...

Numerous experiments demonstrate attitude polarization. For instance, Lord, Ross & Lepper presented subjects with the same mixed evidence on the deterrent effect of the death penalty. Both believers and skeptics of its deterrent effect became more convinced of their views; that is, the...

Economic analysis assumes that consumer behavior can be rationalized by a utility function. Previous research has shown that some consistency of choices with economic rationality can be captured by permanent cognitive ability but has not examined how a temporary load in subjects' working memory...

Many studies have shown that people display an apparent overconfidence. In particular, it is common for a majority of people to describe themselves as better than average. The literature takes for granted that this better-than-average effect is problematic. We argue, however, that, even...

The demand behavior of the different goods and services is a key component that shapes the structure of an economy, and its analysis is economic policies, such as taxation and promotion of productive development. Within the many demand systems posed in the theoretical and empirical literature,...

The demand behavior of the different goods and services is a key component that shapes the structure of an economy, and its analysis is economic policies, such as taxation and promotion of productive development. Within the many demand systems posed in the theoretical and empirical literature,...