Essays on Revealed Preference. Contributions to the Theory of Consumer's Behavior PDF Download
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Author: Jan Heufer
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Jan Heufer
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Vicki Inger Knoblauch
Publisher:
ISBN:
Category : Consumer behavior
Languages : en
Pages : 126
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Author: Coby Morvinski
Publisher:
ISBN:
Category :
Languages : en
Pages : 195
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Book Description
Our life is filled with choices which we describe as preferences. Preferences depend on the sensitivity of specific decisions to contextual and situational states that surround them as well as the support that individuals have in making them. As a result, science offers no simple summary of individuals' competence as decision makers, but a suite of theories and methods suited to capturing these sensitivities. This dissertation contributes to the existing theory by exploring new grounds in consumer decision making that broaden our knowledge of decision science and making more sense of some of the otherwise unpredicted observed behaviors. Chapter 1 explores conditions under which some individual's preference can be implicitly elicited. A series of five experiments demonstrate that people intuitively relate preferred choices to prominently labeled cues (such as Heads as opposed to Tails in a coin toss) and vice versa. Some findings suggest that preference-prominence congruence may be rooted in a deeper link between prominence and fluency. Chapter 2 investigates well-known measures of individual preference: stated and revealed preferences. A series of four experiments involving consequential decisions demonstrate that the mere act of stating one's preference may influence subsequent behavior and the preferences it reveals. The results also suggest that consistency with previous judgments, but not greed, plays a central role in biasing observed preferences. Individuals who stated their desire compensation for a task they just performed, committed to a much higher compensation than those who haven't done so. Chapter 3 investigates the conditions under which information about a large number of current adopters affects product attractiveness. The main results suggest a 'Goldilocks' requirement of product uncertainty in which large stock information that is coupled with too much or too little uncertainty can have no or even detrimental effect on sales. Particularly, while current adoption information may be uninformative for consumers who are already well informed (e.g., experts), too much product uncertainty together with a statements about a large number of current adopters may undermine seller credibility and decrease adoption likelihood.
Author: Amartya Sen
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 40
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Author: Kelvin Lancaster
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 270
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Book Description
Professor Lancaster has made a major contribution to consumer theory. His work on the consumer's decision-making process has been particularly influential. This coherent thematic selection of his most important recent essays, some of which are published here for the first time, reflect the major features of Professor Lancaster's work. The essays form a unified collection on consumer choice and product variety and will be essential reading for any economist with an interest in the most recent developments in modern microeconomics.
Author: Stanley Wong
Publisher: Routledge
ISBN: 1134385528
Category : Business & Economics
Languages : en
Pages : 275
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Book Description
Originally published over two decades ago, this classic text within the philosophy of economics is a tour de force against revealed preference. It critically examines the research programme carried out by the Nobel Prize winner Paul Samuelson on the revealed preference approach to the theory of consumer behaviour. It also challenges two essential premises: * that the programme has been completed * that the various contributions of Samuelson are mutually consistent. This text contains a new preface by Wong, in which he provides a detailed insight into the origins of his pioneering text, and a new introduction from Philip Mirowski, analyzing the impact The Foundation of Paul Samuelson’s Revealed Preference Theory has had on the discipline of economics as well as explaining why it remains core reading for economists today. The defining statement of economic method, this book will be of interest to economists everywhere.
Author: Stanley Wong
Publisher: London ; Boston : Routledge & K. Paul
ISBN:
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
Good,No Highlights,No Markup,all pages are intact, Slight Shelfwear,may have the corners slightly dented, may have slight color changes/slightly damaged spine.
Author: Stanley Wong
Publisher: Routledge
ISBN: 1134385536
Category : Business & Economics
Languages : en
Pages : 143
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Book Description
Containing a new preface by Wong, and a new introduction from Philip Mirowski, this classic text within the philosophy of economics, originally published over two decades ago, is a tour de force against revealed preference.
Author: Glen Irwin Jones
Publisher:
ISBN:
Category :
Languages : en
Pages : 374
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Book Description
Author: Christopher P. Chambers
Publisher: Cambridge University Press
ISBN: 1107087805
Category : Business & Economics
Languages : en
Pages : 241
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Book Description
The theory of revealed preference has a long, distinguished tradition in economics but lacked a systematic presentation of the theory until now. This book deals with basic questions in economic theory and studies situations in which empirical observations are consistent or inconsistent with some of the best known economic theories.
