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Author : Susan Sherry Raines
Publisher :
ISBN 13 :
Total Pages : 75 pages
Book Rating : 4.:/5 (127 download)
Download or read book Preference for Decision Rules in Consumer Choice Situations written by Susan Sherry Raines and published by . This book was released on 1974 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 271 pages
Book Rating : 4.:/5 (661 download)
Download or read book Consumer Choice written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-12 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Consumer Choice The theory of consumer choice is the branch of microeconomics that relates preferences to consumption expenditures and to consumer demand curves. It analyzes how consumers maximize the desirability of their consumption, by maximizing utility subject to a consumer budget constraint.Factors influencing consumers' evaluation of the utility of goods include: income level, cultural factors, product information and physio-psychological factors. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Consumer choice Chapter 2: Utility Chapter 3: Indifference curve Chapter 4: Budget constraint Chapter 5: Substitute good Chapter 6: Marginal rate of substitution Chapter 7: Income-consumption curve Chapter 8: Substitution effect Chapter 9: Law of demand Chapter 10: Utility maximization problem Chapter 11: Marshallian demand function Chapter 12: Revealed preference Chapter 13: Hicksian demand function Chapter 14: Corner solution Chapter 15: Relative price Chapter 16: Local nonsatiation Chapter 17: Quasilinear utility Chapter 18: Homothetic preferences Chapter 19: Preference (economics) Chapter 20: Robinson Crusoe economy Chapter 21: Linear utility (II) Answering the public top questions about consumer choice. (III) Real world examples for the usage of consumer choice in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Consumer Choice.
Author : Barbara A. Burns
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.F/5 ( download)
Download or read book The Relevance of Behavioral and Social Models to the Study of Consumer Energy Decision Making and Behaviors written by Barbara A. Burns and published by . This book was released on 1980 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report reviews social and behavioral science models and techniques for their possible use in understanding and predicting consumer energy decision making and behaviors. A number of models and techniques have been developed that address different aspects of the decision process, use different theoretical bases and approaches, and have been aimed at different audiences. Three major areas of discussion were selected: (1) models of adaptation to social change, (2) decision making and choice, and (3) diffusion of innovation. Within these three areas, the contributions of psychologists, sociologists, economists, marketing researchers, and others were reviewed. Five primary components of the models were identified and compared. The components are: (1) situational characteristics, (2) product characteristics, (3) individual characteristics, (4) social influences, and (5) the interaction or decision rules. The explicit use of behavioral and social science models in energy decision-making and behavior studies has been limited. Examples are given of a small number of energy studies which applied and tested existing models in studying the adoption of energy conservation behaviors and technologies, and solar technology.
Author : Jooyoung Lim
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (13 download)
Download or read book Regulatory Focus and Decision Rules written by Jooyoung Lim and published by . This book was released on 2017 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims to investigate the potential consumer-specific driver for decision rules between utility maximization or regret minimization in discrete choice modeling to gain a better understanding of consumers' decision process, while introducing the random regret minimization (RRM) model in marketing to examine consumer choices. Drawing upon regulatory focus theory, we posit that promotion-focused consumers, who are inclined to maximize their opportunities, are more likely to be utility maximizers while prevention-focused consumers, who are inclined to minimize negative outcomes, are more likely to be regret minimizers. Using a finite mixture discrete choice model of utility-maximizing and regret-minimizing behavioral classes, we confirm our hypotheses with an online choice-based conjoint experiment data on US consumers. Our empirical findings further suggest that, while the RRM alone can perform as well as the conventional multinomial logit, it is important to incorporate structural heterogeneity to gain additional insights on consumer preference and the market structure.
Author : Stefan Grundmann
Publisher : Oxford University Press
ISBN 13 : 0192608266
Total Pages : 320 pages
Book Rating : 4.1/5 (926 download)
Download or read book Theories of Choice written by Stefan Grundmann and published by Oxford University Press. This book was released on 2021-01-14 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Choice is a key concept of our time. It is a foundational mechanism for every legal order in societies that are, politically, constituted as democracies and, economically, built on the market mechanism. Thus, choice can be understood as an atomic structure that grounds core societal processes. In recent years, however, the debate over the right way to theorize choice - for example, as a rational or a behavioral type of decision making - has intensified. This collection provides an in-depth discussion of the promises and perils of specific types of theories of choice. It shows how the selection of a specific theory of choice can make a difference for concrete legal questions, in particular in the regulation of the digital economy or in choosing between market, firm, or network. In its first part, the volume provides an accessible overview of the current debates about rational versus behavioral approaches to theories of choice. The remainder of the book structures the vast landscape of theories of choice along with three main types: individual, collective, and organizational decision making. As theories of choice proliferate and become ever more sophisticated, however, the process of choosing an adequate theory of choice becomes increasingly intricate. This volume addresses this selection problem for the various legal arenas in which individual, organizational, and collective decisions matter. By drawing on economic, technological, political, and legal points of view, the volume shows which theories of choice are at the disposal of the legally relevant decision-maker, and how they can be operationalized for the solution of concrete legal problems. The editors acknowledge the kind support of the Fritz Thyssen Foundation for an exploratory conference on the subject of the book.
Author : Henry Assael
Publisher : South Western Educational Publishing
ISBN 13 :
Total Pages : 824 pages
Book Rating : 4.0/5 ( download)
Download or read book Consumer Behavior and Marketing Action written by Henry Assael and published by South Western Educational Publishing. This book was released on 1995 with total page 824 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text takes a strategic approach to consumer behavior; that is, once you know how consumers behave and react, what do you do about it? New to this edition is a much needed balance between the strategic approach and consumer rights and social implications.
Author : Donghyun Moon
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Essays on Attribute Inattention Choice Behavior written by Donghyun Moon and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The main objective of this dissertation is to explore attribute non-attendance choice in food consumption research under the discrete choice framework. The standard choice analysis based on random utility maximization assumes that an agent evaluates every attribute of alternatives and selects his or her most preferred option that maximizes utility in a given choice situation. However, recent empirical evidence reveals that decision makers may ignore a certain attribute presented in a choice set. My dissertation research investigates inattention choice behaviors using stated and revealed preferences data. The first essay, "Out-of-sample Validity of Random Response Share Approach", applied the Random Response Share (RRS) approach that was proposed by Malone and Lusk (2018) for investigating inattention choice in choice experiments. The aim of the RRS approach is to identify and purge inattention observations in analysis. We applied the RRS and assessed the out-of-sample predictive performance of the RRS using 60 months of choice experiment data from 61,592 U.S households. Our results show that the RRS is not a dominant strategy to the conventional multinomial logit model in terms of out-of-sample forecasting accuracy. However, the RRS could be a way to deal with attribute nonattendance when also considering the socio-economic characteristics of respondents because it is not harmful compared to the predictive accuracy of the traditional multinomial logit model. In the second essay, "Incorporating Choice Heuristics in Analysis of Decision Making", we investigated consumers' heuristic choices when purchasing hotdog sausage products. This study applied the IRI marketing data set into the latent class structure of the discrete choice models to explore choice heuristics based on different attribute processing at the level of the household. The main contribution of this study is to incorporate attribute inattention into discrete choice model using actual market data, instead of stated choice data. The estimation results based on multiple models reveal that marginal utilities and willingness to pay estimates for attributes of hotdog products are sensitive to model selection. Our empirical analysis suggests that accounting for heterogeneous decision rules could provide better model fit. Thus, researchers need to consider the heterogeneous decision rules as an alternative to the classic assumption that all attributes are considered in choice situations by decision makers to better understand consumers' choices and provide more accurate policy implications. To sum up, the traditional assumption of full attribute consideration may be strong and restrictive to reflect consumer decision making rules. Recent studies are attempting to relax this assumption and reflect real choice environments. Considering ANA-based choice behaviors may help improve understanding of consumer preference through better analysis of decision making. I hope that this dissertation on attribute inattention choices will be a steppingstone to additional research in the field of discrete choice analysis.
Author : Barry Schwartz
Publisher : Harper Collins
ISBN 13 : 0061748994
Total Pages : 308 pages
Book Rating : 4.0/5 (617 download)
Download or read book The Paradox of Choice written by Barry Schwartz and published by Harper Collins. This book was released on 2009-10-13 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. As Americans, we assume that more choice means better options and greater satisfaction. But beware of excessive choice: choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures. In the long run, this can lead to decision-making paralysis, anxiety, and perpetual stress. And, in a culture that tells us that there is no excuse for falling short of perfection when your options are limitless, too much choice can lead to clinical depression. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice—from the mundane to the profound challenges of balancing career, family, and individual needs—has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which makes us feel worse. By synthesizing current research in the social sciences, Schwartz makes the counter intuitive case that eliminating choices can greatly reduce the stress, anxiety, and busyness of our lives. He offers eleven practical steps on how to limit choices to a manageable number, have the discipline to focus on those that are important and ignore the rest, and ultimately derive greater satisfaction from the choices you have to make.
Author : Claudia Landwehr
Publisher : ECPR Press
ISBN 13 : 0955820308
Total Pages : 272 pages
Book Rating : 4.9/5 (558 download)
Download or read book Political Conflict and Political Preferences written by Claudia Landwehr and published by ECPR Press. This book was released on 2009-04-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the effect of deliberation on political actors and when can we expect it to be successful? Are mutual understanding and consensus realistic results of political decision-making processes or is compromise the most we can hope for? This book addresses what appear to be blind spots in theories of deliberative democracy: the conceptual and empirical relationship between communication and political preferences and the institutional preconditions for preference change and co-ordination. It proposes a model of preference transformation through communication and develops a typology of modes of political interaction that distinguishes discussion, deliberation, debate and bargaining. This serves as a framework for the analysis of a fundamental and highly polarising conflict - the German decision over the import of embryonic stem cells. Analysis of communicative interaction in different forums shows how a well justified and widely accepted compromise was achieved in a conflict that had appeared irresolvable in moral terms and irreducible in terms of interest.
Author : Patrick M. Emerson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (123 download)
Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gesine E. Ziebarth
Publisher :
ISBN 13 :
Total Pages : 138 pages
Book Rating : 4.:/5 (278 download)
Download or read book Users' Preference of Decision Strategies Examined in Social and Consumer Choice Domains written by Gesine E. Ziebarth and published by . This book was released on 2007 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Frenck Waage
Publisher :
ISBN 13 :
Total Pages : 196 pages
Book Rating : 4.:/5 (29 download)
Download or read book Transient and Steady State Decision Rules of a Bayesian Consumer who Buys in Binomial Markets written by Frenck Waage and published by . This book was released on 1971 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : S. Ratneshwar
Publisher : Psychology Press
ISBN 13 : 9780415341943
Total Pages : 390 pages
Book Rating : 4.3/5 (419 download)
Download or read book Inside Consumption written by S. Ratneshwar and published by Psychology Press. This book was released on 2005 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now that consumption has become the defining phenomenon of human life and society, this book addresses the effects of critical life events on consumption motives and the sociological and intergenerational influences on consumers.
Author : University of Chicago Law Review
Publisher : Quid Pro Books
ISBN 13 : 1610278852
Total Pages : 550 pages
Book Rating : 4.6/5 (12 download)
Download or read book University of Chicago Law Review: Volume 80, Number 3 - Summer 2013 written by University of Chicago Law Review and published by Quid Pro Books. This book was released on 2013-09-29 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: The University of Chicago Law Review's third issue of 2013 features articles and essays from internationally recognized legal and policy scholars, as well as extensive student research on cutting-edge topics. Contents include: ARTICLES * Tortfest, by J. Shahar Dillbary * Judging the Flood of Litigation, by Marin K. Levy * Unbundling Constitutionality, by Richard Primus * When Nudges Fail: Slippery Defaults, by Lauren E. Willis COMMENTS * The Firearm-Disability Dilemma: Property Insights into Felon Gun Rights * Pleading in Technicolor: When Can Litigants Incorporate Audiovisual Works into Their Complaints? * Fun with Numbers: Gall's Mixed Message regarding Variance Calculations * The Availability of Discovery Sanctions for Violations of Protective Orders * Corruption Clarified: Defining the Reach of "Agent" in 18 USC § 666 * Extra Venues for Extraterritorial Crimes? 18 USC § 3238 and Cross-Border Criminal Activity * A Historical Approach to Negligent Misrepresentation and Federal Rule of Civil Procedure 9(b) REVIEW ESSAY * Commons and Growth: The Essential Role of Open Commons in Market Economies, by Yochai Benkler The University of Chicago Law Review first appeared in 1933, thirty-one years after the Law School offered its first classes. Since then the Law Review has continued to serve as a forum for the expression of ideas of leading professors, judges, and practitioners, as well as student-authors ... and as a training ground for University of Chicago Law School students, who serve as its editors and contribute original research. Principal articles and essays are authored by internationally recognized legal scholars. Quality eBook editions feature active Contents, linked footnotes, and linked URLs in notes.
Author : Flemming Hansen
Publisher :
ISBN 13 :
Total Pages : 568 pages
Book Rating : 4.:/5 (41 download)
Download or read book Consumer Choice Behavior: a Cognitive Theory written by Flemming Hansen and published by . This book was released on 1972 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kenneth Train
Publisher : Cambridge University Press
ISBN 13 : 0521766559
Total Pages : 399 pages
Book Rating : 4.5/5 (217 download)
Download or read book Discrete Choice Methods with Simulation written by Kenneth Train and published by Cambridge University Press. This book was released on 2009-07-06 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.
Author : Sandeep R. Chandukala
Publisher : Now Publishers Inc
ISBN 13 : 1601981643
Total Pages : 100 pages
Book Rating : 4.6/5 (19 download)
Download or read book Choice Models in Marketing written by Sandeep R. Chandukala and published by Now Publishers Inc. This book was released on 2008 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Choice Models in Marketing examines recent developments in the modeling of choice for marketing and reviews a large stream of research currently being developed by both quantitative and qualitative researches in marketing. Choice in marketing differs from other domains in that the choice context is typically very complex, and researchers' desire knowledge of the variables that ultimately lead to demand in marketplace. The marketing choice context is characterized by many choice alternatives. The aim of Choice Models in Marketing is to lay out the foundations of choice models and discuss recent advances. The authors focus on aspects of choice that can be quantitatively modeled and consider models related to a process of constrained utility maximization. By reviewing the basics of choice modeling and pointing to new developments, Choice Models in Marketing provides a platform for future research.
