Relevant bibliographies by topics / Consumer rationality

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  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers
  6. Reports

Academic literature on the topic 'Consumer rationality'

Author: Grafiati
Published: 4 June 2021
Last updated: 1 February 2022

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Journal articles on the topic "Consumer rationality"

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Redmond, William H. "Consumer Rationality and Consumer Sovereignty." Review of Social Economy 58, no. 2 (June 2000): 177–96. http://dx.doi.org/10.1080/003467600402530.

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Brito, Dagobert L., and Peter R. Hartley. "Consumer Rationality and Credit Cards." Journal of Political Economy 103, no. 2 (April 1995): 400–433. http://dx.doi.org/10.1086/261988.

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Biza-Khupe, Simangaliso. "An Alternative Theoretical Perspective to the Analysis of Global Trends on Consumer Debt." Perspectives on Global Development and Technology 7, no. 3-4 (2008): 281–303. http://dx.doi.org/10.1163/156914908x370692.

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AbstractAlarming global trends in consumer debt have remained a subject of interest for many decades. Despite literature being replete with studies on the subject, the role that information intermediaries play in influencing financial rationality of consumer credit decisions has remained unexplored. This article presents a perspective that is being proposed for the first time. It is proposed that the rationality of consumer credit decision in an economy is determined by the combined effect of a most commonly used primary financial information intermediary and the propensity for consumers to rely on the advice of a primary financial information intermediary. This perspective of analyzing consumer debt acquisition is instrumental to policymakers, consumer lobbyists, and marketers.
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Ene, Corina. "Post-Consumer Waste." International Journal of Sustainable Economies Management 2, no. 3 (July 2013): 19–31. http://dx.doi.org/10.4018/ijsem.2013070102.

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The complexity of purchase decision process goes beyond economic and human rationality boundaries, leading to increased amounts spent inappropriately, including, implicitly, significant quantities of post-consumer waste. Excessive waste of resources, reflected in massive quantities of abandoned goods on the one hand, and on the other - insufficient access to resources for a significant part of the world population - are topical issues that are based on overall irrational behavior of consumers and society, requiring global and local optimization by strategies involving all interested parties. The paper aims to formulate and emphasize actual problems and prospects regarding the rationality of consumer behavior towards waste creating and disposal, trying to answer the following question: given that the actual society is facing a series of irreversible ecological problems, what needs to be done in order to reduce post consumer-waste and to promote environmentally and resources friendly behaviors?
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Arcidiacono, Davide. "Consumer rationality in a multidisciplinary perspective." Journal of Socio-Economics 40, no. 5 (October 2011): 516–22. http://dx.doi.org/10.1016/j.socec.2011.01.003.

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Deng, Isaiah. "Cognitive Framing Illusions and Consumer Rationality." Open Management Journal 4, no. 1 (June 3, 2011): 1–8. http://dx.doi.org/10.2174/1874948801104010001.

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Hartman, R. S., M. J. Doane, and C. K. Woo. "Consumer Rationality and the Status Quo." Quarterly Journal of Economics 106, no. 1 (February 1, 1991): 141–62. http://dx.doi.org/10.2307/2937910.

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Manzini, Paola, and Marco Mariotti. "Consumer choice and revealed bounded rationality." Economic Theory 41, no. 3 (June 17, 2008): 379–92. http://dx.doi.org/10.1007/s00199-008-0389-x.

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Gamble, James L. "Validity, rationality definitions, and consumer sovereignty." Atlantic Economic Journal 25, no. 3 (September 1997): 323. http://dx.doi.org/10.1007/bf02298415.

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Zalega, Tomasz. "Rational And Methods Of Research Into Consumer Market Behaviour." Equilibrium 7, no. 4 (December 31, 2012): 77–99. http://dx.doi.org/10.12775/equil.2012.028.

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The issue of rationality of consumption and consumer behavior becomes more and more relevant in today’s economy. The objective of this article is to analyze the rationality of consumer behaviors in the market from the point of view of various economic schools, using classical methods as well as the concept of ecological rationality which is more akin to an institutional approach. The article also addresses important, selected aspects concerning certain approaches and methods used in research on rationality of consumer behaviors in the market. Particular attention is paid to the problem of rationality in methodology of empirical studies. The analysis of selected research approaches (i.e. predictive and postdictive approach) to the problem of rational choice and consumer behavior, considered from the point of view of both those approaches, makes for a summing-up of the article.
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Dissertations / Theses on the topic "Consumer rationality"

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Abley, Jennifer. "Stated preference techniques and consumer choice behaviour." Thesis, Cranfield University, 2002. http://hdl.handle.net/1826/4063.

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This PhD thesis examines the way in which individuals make choices during stated preference experiments (commonly referred subsets of which are called stated choice methods, conjoint analysis and trade-off analysis). Stated preference experiments ask respondents to rank, rate or choose between different product/service options, which are made up of a number of attribute mixes. The responses made by individuals within these experiments allow researchers to estimate consumer preferences. This thesis traces the historical background of stated preference experiments, from the field of utility theory and experimental economics. An understanding of this historical background explains the reliance by practitioners on the assumption that respondents make rational choices during the stated preference experiment (where all the information presented to them within the experiment is traded off in order to come to an overall preference). In light of considerable research evidence within the field of psychology that consumers do not do not conform to this economic concept of rational choice, and recent criticisms within recent stated preference literature, this thesis identifies the choice strategies employed by respondents during three stated preference experiments, where attributes were represented in different ways. Choice based stated preference experiments designed as the context for this research, measure consumers preferences for a newly developed fuel-efficient vehicle, with attributes currently unavailable in the marketplace. The experiments were presented to respondents as a series of choices between the newly developed vehicle and another currently available in the marketplace, described in terms of a number of attributes. The experiments were implemented using `think-aloud' protocol to allow the identification of respondent's choice strategies. The research successfully identifies the choice strategies employed by respondents during the stated preference experiments, and in support of recent criticisms within stated preference literature, finds significant deviations from the economic concept of rational choice. Furthermore, significant differences between the choice strategies employed by respondents are identified between the experiments where the appearance of the vehicles is represented in different ways. Using response data that is simulated to mirror the respondent choice strategies identified in each of the three stated preference experiments, the research tests the implications of these choice strategies on the estimation of consumer utility models. The research identifies significant differences between the parameter estimates derived from responses simulated assuming different choice strategy profiles. The research also identifies significant improvements in the estimated parameter values when the identified choice strategies are used in the analysis of the response data, rather than using the assumption of rational choice as an approximation. This suggests that stated prelcrence practitioners might improve model estimation by identifying the choice strategies used by respondents to inform the analysis of stated preference response data.
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Newholm, Terry. "Understanding the ethical consumer : employing a frame of bounded rationality." n.p, 1999. http://ethos.bl.uk/.

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Newholm, Terry. "Understanding the ethical consumer : employing a frame of bounded rationality." Thesis, Open University, 2000. http://oro.open.ac.uk/58071/.

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This thesis is about ethical consumers. In some business circles ethical consumers are treated simply as one kind of consumer in a market society where a niche can be created to satisfy every preference. Conversely some advocates of more radical change propose consumer activism as part of a movement which will force ethical considerations into the decision-making of capitalist businesses and governments alike. Questions about ethics are central to consumer society. Unlike most recent research into the 'green' or 'socially conscious' consumer that has been based on either extensive quantitative surveys or focus groups, the research presented here analyses consumer decisions in a social context. Sixteen case studies of ethical consumers in differing circumstances are developed in considerable detail. Starting from the theoretical observation that being an ethical consumer presents apparently daunting difficulties, especially with respect to decision making, the research uses bounded rationality theory to explain how these cases maintain their self-image as ethical. From these data I suggest thinking of ethical consumers as adopting coping strategies. Those contributing to the study were seen to be 'distancing' themselves from practices they consider unethical, 'integrating' their lives around addressing the issues current in ethical consumer discourse and/or 'rationalising' their ethical consumption against their acceptance of consumer capitalism. Each strategy can be shown to reduce the scope and/or difficulty of decision making. Finally, consideration is given to the nature of ethical consumption as a political project. Individual consumers respond in diverse ways to a social discourse on any given ethical issue even where strong and clear consumption advice is given. I argue that ethical consumerism is limited by the capacity of individuals to give attention to more than a few actions. Its political significance is nevertheless enhanced by the unpredictability of consumer response.
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Kim, Areum. "Financial advice and consumer protection." Thesis, Paris, Institut d'études politiques, 2014. http://www.theses.fr/2014IEPP0033.

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Cette thèse porte sur le régime de protection des consommateurs qui vise à prévenir les ventes abusives dans les services de conseil en investissement. Elle examine les conflits d'intérêts dus au comportement des conseillers financiers qui peuvent entraîner des ventes abusives. Le fait que la rationalité du consommateur puisse être limitée signifie que les consommateurs financiers traditionnellement considérés comme des clients de détail ou des investisseurs de détail sont en effet exposés au risque de conflits d'intérêts dans le processus de conseil en investissement et nécessitent donc une protection accrue. La directive MIF a récemment renforcé son dispositif afin de protéger plus efficacement les consommateurs contre le problème persistant des ventes abusives. La modification de la réglementation de la protection des consommateurs est significative en ce qu'elle renforce le régime général de protection des consommateurs de la directive MIF en mettant l'accent sur la vulnérabilité réelle des consommateurs. Elle contribue en outre à la promotion du système de protection du consommateur en imposant des devoirs de comportement aux sociétés financières qui doivent gérer des conflits d'intérêts spécifiques dans le cadre du grand principe de la protection des consommateurs. Cependant, même si l’intention à l’origine de son introduction est largement reconnue, la mise en place et la mise en œuvre pratiques de certains règlements devraient rencontrer des difficultés et donc nécessiter que des mesures supplémentaires soient prises
The thesis deals with the consumer protection scheme which aims to prevent mis-selling in investment advice services. It examines the conflicts of interest which appear in the behavior of investment advisors which may ultimately cause mis-selling scandals. The research findings of behavioral economics that the consumer’s rationality can be bounded indicate that financial consumers who are traditionally considered as retail clients or retail investors are indeed vulnerable to the risk of conflicts of interest in investment advisory processes and thus need enhanced consumer protection. MiFID I has recently strengthened its scheme with a view to protecting consumers more effectively from persistent problems of mis-selling. The amendment of the consumer protection regulation is meaningful in that it strengthens the overall consumer protection scheme within the MiFID with a focus on the actual vulnerability of consumers. Furthermore, it contributes to the fostering of the consumer protection system by imposing behavioral duties on financial firms which manage specific conflicts of interest under the important principle of consumer protection. However, even though the intention at the origin of its introduction is widely recognized, it is expected that some difficulties will arise when some of the regulations are virtually introduced and implemented, and thus supplementary measures will have to be established
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Ryan, Mark Joseph 1978. "A Satisficing Model of Consumer Behavior." Thesis, University of Oregon, 2011. http://hdl.handle.net/1794/12095.

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xiii, 230 p. : ill. (some col.)
I develop a model in which a representative consumer selects an affordable consumption bundle, not as a single choice, but as the end result of a series of smaller, incremental purchase decisions. If the array of such incremental choices facing the consumer is sufficiently complex relative to the consumer's computational abilities, then the consumer may choose to employ a simplifying heuristic or rule-of-thumb to guide her behavior. I demonstrate the existence of a simple and well-defined example of such a strategy, based upon a satisficing decision rule. I further show that in the strategic setting defined by the interaction between consumers and firms that compete in prices, this satisficing strategy can form part of a Nash equilibrium, despite being ex ante only boundedly rational. The use of this satisficing demand strategy fundamentally alters the nature of price competition between firms (relative to the standard Bertrand model), changing the shape of the firm best response functions. The use of a satisficing strategy alters the incentives of firms, and these altered firm incentives lead to pricing behavior which has the effect of rationalizing the satisficing consumption strategy, so that a truly novel class of Nash equilibria in price-competing markets can be shown to exist under certain conditions. We explore the nature of this new class of equilibria, and find that equilibrium prices may be higher than those which would be obtained in the standard Bertrand case. In general, demand curves for each distinct good will have a kinked shape, similar to those found in 1939 papers by both Sweezy and Hall & Hitch. The Nash equilibrium profile will involve the kink in each demand curve coinciding with the equilibrium price for the corresponding good. The equilibrium price vector will therefore be robust to "small" fluctuations in cost (since marginal revenue is discontinuous at the equilibrium price), and under certain conditions, we find that prices may be upwardly flexible but downwardly rigid. We make an argument that the main results of the paper generalize from a representative agent setting to one with a population of heterogeneous consumers.
Committee in charge: Dr. Van Kolpin， Chairperson； Dr. Christopher J. Ellis， Member； Dr. Jeremy Piger， Member； Dr. Renee Irvin， Outside Member
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Edén, Maria, and Andersson Malin. "Kundrelationer på menyn : – En fallstudie av McDonalds erbjudande och kunders beteende för skapandet av långsiktiga relationer." Thesis, Mälardalens högskola, Akademin för innovation, design och teknik, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-24770.

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The study aims to understand the underlying factor why McDonald's customers return despite previous failure customer experiences. Why do customers come back to the company that contributes to the former dissatisfaction? McDonald's attempt to maintain unceasing purposeful emergence fail at the local level, where the customer contact occurs. McDonald's offerings and customers' bounded rationality results in that customers are satisfied with an "ok" experience, which adds to their low expectations of McDonalds. This makes clear that McDonald's does not have to make an effort through constant adaptation at the local level to achieve a "great" level of satisfaction. Because the customer is satisfied with an "ok" experience, and not require more to return to McDonalds. If you can lower your customers' expectations so much that they do not care about the previous failure customer experiences, the company's competitive invincible, even without continuous adjustment.
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Kaye-Blake, William Henry. "Demand for genetically modified food : theory and empirical findings." Phd thesis, Lincoln University. Commerce Division, 2006. http://theses.lincoln.ac.nz/public/adt-NZLIU20060913.102217.

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As economies develop, novel products are created and markets for these products arise. Genetically modified food (GMF) is an example of such a novel product and provides economists with the opportunity to investigate an infant market. Of particular interest with GMF is the impact of consumer reactions on the market. The response of consumers to GMF and their willingness to pay for it has emerged as an important factor in the development of this technology. This research investigates these consumer responses. Prior research suggests that two aspects of consumer behaviour may be relevant for the GMF market. First, consumers may react differently to different types of GMF, so that some products are potentially more economically viable. Secondly, some consumers appear to prefer not having GMF at all. Consumer behaviour is often framed according to neoclassical economic theory. Consumer preferences over goods and the attributes of those goods are generally held to have certain properties. The aspects of consumers’ reactions to GMF noted above, however, may be in conflict with two properties of preferences in neoclassical theory. First, preferences over food attributes are not separable, but may interact with each other. Secondly, some consumers may have preferences regarding GMF that are not continuous. As a result, aggregate impacts of introducing GMF may be difficult to measure, which raises a third issue for investigation, aggregation. Finally, an alternative model of consumer behaviour is bounded rationality, which theorises that choices may be discontinuous as a result of specific protocols. It also suggests that consumers seek to make good-enough choices, rather than attempting to maximise their satisfaction. Thus, optimisation or maximisation is the fourth issue considered in this thesis. In order to investigate these properties of consumers’ preferences, a choice experiment survey was developed. The strength of a choice experiment for examining these issues is its focus on the impact of each product attribute on a respondent’s choices. Thus, it may be possible to identify potentially discontinuous choice patterns and to identify choices affected by interactions between GM technology and other food attributes. Results from a neoclassical analysis of the survey data suggest that some consumers consider the type of benefit created with GM technology in making their choices. In addition, one-quarter to one-half of respondents may have had discontinuous preferences with respect to GMF. Reactions to GMF appear related to respondents’ attitudes, but not to socio-economic or demographic descriptors. As a result, aggregate measures of the impact of GMF may not fully account for consumers’ responses. A boundedly rational model also has reasonable goodness of fit, and may provide a different perspective on consumer behaviour. It is hoped that the results of this research provide a better understanding of consumer behaviour regarding GMF and, by extension, of the process of consumer adoption of novel products. It is further hoped that this attempt to incorporate choice protocols into discrete choice analysis will provide a useful example for further research.
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Levasseur-Laberge, Cédric. "Le Lagrangien à l'épicerie : comparaison des résultats théoriques et empiriques du rendement de l'information sur Internet dans une perspective d'économie comportementale." Mémoire, Université de Sherbrooke, 2017. http://hdl.handle.net/11143/11267.

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La prémisse de la rationalité décisionnelle des agents, généralement définie comme la « prise de décision optimale sous l’information disponible », occupe une place centrale dans la théorie économique, à tel point que, lorsque la rationalité décisionnelle passe à la loupe, c’est souvent l’ensemble de la science économique qui l’est à sa suite. Pourtant, le quotidien abonde de cas ne se conformant pas à une certaine définition de l’optimalité; pour des décisions de faibles enjeux, les agents économiques pourront couper court à leur réflexion et se contenter d’une décision potentiellement sous-optimale afin de minimiser le coût de la prise de décision. Or, avec l’ubiquité d’Internet, l’information et la puissance de calcul sont plus disponibles que jamais, à tel point où le tri de l’information dans la surabondance d’Internet constitue une nouvelle forme de coût de décision. Ce mémoire s’intéresse donc à deux questions concernant la prise de décision avec échéances; la première est: à quels types de décisions, en fonction de la taille de leur enjeu, les agents économiques consacreront-ils le plus de temps de réflexion? La seconde est: à quels types d’informations les agents se fient-ils le plus? Essentiellement, nous testons si les individus optimisent l’effort qu’ils mettent à optimiser . Nous utilisons une méthodologie expérimentale basée sur un jeu-questionnaire, avec incitatifs financiers à la performance, simulant différentes décisions à caractère économique auxquelles des personnes sont appelées à être exposées au cours de leur vie. Comme résultats, nous trouvons une relation concave entre la taille de l’enjeu sur lequel porte une décision et les ressources allouées à la décision. Cette relation s’estompe lorsque les contraintes de temps se resserrent. Nous tentons également de vérifier s’il existe un lien entre et le choix de sources d’informations à des fins de décision et la familiarité de celles-ci pour l’agent, mais ne trouvons pas de relation significative. De plus, nous ne parvenons pas à établir de relation entre le temps consacré à prendre une décision et l’optimalité de celle-ci.
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Dean, Dianne. "Consumption of politics : it's not always a rational choice : the electoral decision-making of young voters." Thesis, University of Stirling, 2006. http://hdl.handle.net/1893/198.

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The aim of this thesis was to explore the efficacy of the rational choice model in the electoral decision making of young people. The initial view was that this was too narrow a concept to apply to a real world situation. Therefore, consumer behaviour theory was reviewed in order to find out how marketers understand consumer decision making and explore if this could add anything to electoral decision making. Using an ideographic approach, this research revealed a number of different groups that did not conform to the rational choice model. Moreover, it was interesting to discover that many voter and non-voter groups exhibit what can be described as irrational behaviour. Using education as a key variable and the Elaboration Likelihood Model as an analytical framework, it was possible to identify the different ways in which the groups built up their political knowledge and what effect this had upon the extent of their engagement with the electoral process. Two models were developed that described the various groups and their electoral behaviour. The thesis concludes by suggesting that engagement is limited to a small number of groups and the level of engagement is determined by a complex mix of education, life stage and the notion of risk.
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Gavard, François Marcos Paul. "A RACIONALIDADE EMPRESARIAL SOCIOAMBIENTAL DA ARACRUZ CELULOSE." Universidade Federal de Santa Maria, 2010. http://repositorio.ufsm.br/handle/1/6204.

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This work has as purpose to contribute to the understanding, from a study of case, of the phenomenon of the social and environmental responsibility of the companies. The question is boarded under the perspective of as the social and environmental aspects involved in the activities of the company are treated and prepared for their strategies and policies and how they can contribute to the establishment of their reasons and ways of action. The methodology used was qualitative based in a content analysis on the annual reports of sustainability of the company and on a composed questionnaire of relative questions to the subject answered for the same one. What we found was that Aracruz Celulose incorporates social and environmental variables within a capitalist economic rationality. These variables are operationalized in their strategies and actions to generate competitive advantage, market access, and to generate confidence among the various publics with which the company relates, which, in turn, tends to extend the horizon predictability in social and financial markets, increasing the company's ability to plan their actions. The research highlights the importance of markets and consumers as elements capable of raising issues related to environmental and social interests and values to the category of variables of business management conformation. The work was divided into four chapters, the first three (Social Theory, Environment and Environmental Sociology, Environment vs. Business and Market; Economic Field and Business Racionality) consist of a literature review, the fourth (Case Study: The Social and Environmental Rationality of Aracruz Celulose) deals with the analysis and discussion of results. The last section is for the final remarks.
Este trabalho tem como finalidade contribuir para a elucidação, a partir de um estudo de caso, do fenômeno da responsabilidade socioambiental das empresas. A questão é abordada sob a perspectiva de como os aspectos sociais e ambientais envolvidos nas atividades da empresa são assimilados e elaborados por suas estratégias e políticas, e em que medida podem contribuir para a conformação de suas razões e meios de ação. A metodologia empregue foi qualitativa, baseada numa análise de conteúdo sobre os relatórios anuais de sustentabilidade da empresa e sobre um questionário composto de perguntas relativas ao tema respondido pela mesma. O que se constatou foi que a Aracruz Celulose incorpora as variáveis sociais e ambientais dentro de uma racionalidade econômica capitalista. Estas variáveis são operacionalizadas nas suas estratégias e ações para geração de vantagem competitiva, acesso a mercados, e para a geração de confiança entre os diversos públicos com os quais a empresa relaciona-se, o que, por sua vez, tende a estender o horizonte de previsibilidade nos ambientes sociais e no mercado financeiro, aumentando a capacidade da empresa em planejar suas ações. A pesquisa assinala a importância dos mercados e do consumidor como elementos capazes de elevar aspectos ligados a interesses e valores socioambientais à categoria elementos conformadores da gestão empresarial. O trabalho foi dividido em quatro capítulos, os três primeiros (Teoria Social, Meio Ambiente e a Sociologia Ambiental; Meio Ambiente versus Empresas e Mercado; Campo Econômico e Racionalidade Empresarial) consistem de revisão bibliográfica, o quarto (Estudo de caso: A Racionalidade Socioambiental da Aracruz Celulose) trata da análise e discussão dos resultados. A última seção é destinada às considerações finais.
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Books on the topic "Consumer rationality"

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1954-, O'Shaughnessy Nicholas J., ed. The undermining of beliefs in the autonomy and rationality of consumers. New York: Routledge, 2007.

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Souleles, Nicholas S. Consumer sentiment: Its rationality and usefulness in forecasting expenditure : evidence from the Michigan micro data. Cambridge, MA: National Bureau of Economic Research, 2001.

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Bounded rationality and industrial organization. Oxford: Oxford University Press, 2011.

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Arcidiacono, Peter. Living rationally under the volcano?: An empirical analysis of heavy drinking and smoking. Cambridge, MA: National Bureau of Economic Research, 2001.

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O'Shaughnessy, John, and Nicholas O'Shaughnessy. Undermining of Beliefs in the Autonomy and Rationality of Consumers. Taylor & Francis Group, 2016.

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Bounded Rationality and Industrial Organization. Oxford University Press, 2014.

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Dryzek, John S. 4. Leave it to the Experts: Administrative Rationalism. Oxford University Press, 2017. http://dx.doi.org/10.1093/hepl/9780199696000.003.0004.

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This chapter examines administrative rationalism, a discourse of environmental problem solving which captures the dominant governmental response to the onset of environmental crisis. Administrative rationalism emphasizes the role of the expert rather than the citizen or producer/consumer in social problem solving, and which stresses social relationships of hierarchy rather than equality or competition. The chapter first considers the manifestations of administrative rationalism in various institutions and practices, including environmental impact assessment, planning, and rationalistic policy analysis techniques, before discussing the discourse analysis of administrative rationalism. It then explains the justification of administrative rationalism and problems of administrative rationalism, caused in part by its association with bureaucracy. It also explores the implications of the transition from government to governance for administrative rationalism.
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Sugden, Robert, Albert Weale, Bruce Lyons, Martin Hollis, and Shaun Hargreaves Heap. The Theory of Choice: A Critical Guide. Blackwell Publishers, 1992.

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1951-, Heap Shaun Hargreaves, ed. The Theory of choice: A critical guide. Oxford, U.K: Blackwell, 1992.

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Book chapters on the topic "Consumer rationality"

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Katzner, Donald W. "Attitudes, Rationality and Consumer Demand." In Inflation and Income Distribution in Capitalist Crisis, 133–53. London: Palgrave Macmillan UK, 1989. http://dx.doi.org/10.1007/978-1-349-08833-1_9.

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Katzner, Donald W. "Attitudes, Rationality, and Consumer Demand." In Unmeasured Information and the Methodology of Social Scientific Inquiry, 253–73. Boston, MA: Springer US, 2001. http://dx.doi.org/10.1007/978-1-4615-1629-3_12.

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Goldsmith, Ronald E. "Rational Choice and Bounded Rationality." In Consumer Perception of Product Risks and Benefits, 233–52. Cham: Springer International Publishing, 2017. http://dx.doi.org/10.1007/978-3-319-50530-5_13.

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Boodaghians, Shant, and Adrian Vetta. "Testing Consumer Rationality Using Perfect Graphs and Oriented Discs." In Web and Internet Economics, 187–200. Berlin, Heidelberg: Springer Berlin Heidelberg, 2015. http://dx.doi.org/10.1007/978-3-662-48995-6_14.

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Nakayama, Atsuho. "Detection of Topics and Time Series Variation in Consumer Web Communication Data." In Data Analysis and Rationality in a Complex World, 187–95. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-60104-1_21.

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Shen, Na. "Consumer Rationality/Irrationality and Financial Literacy in the Credit Card Market: Implications from an Integrative Review." In Financial Literacy and the Limits of Financial Decision-Making, 155–76. Cham: Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-30886-9_8.

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Pleeging, Emma, and Martijn Burger. "Hope in Economics." In Historical and Multidisciplinary Perspectives on Hope, 165–78. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-46489-9_9.

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Abstract As a topic of research in economics, hope has not been very prevalent. Following the neo-classical paradigm, economists have tended to focus on rationality, self-interest, and universals. A normative and subjective experience such as hope was not believed to fit well with this perspective. However, the development of several heterodox economic approaches over the past decades, such as behavioral economics, has led to renewed attention being given to emotion, subjectivity, and normativity. Economic research on concepts related to hope, such as anticipatory feelings, (consumer) confidence, expectations and aspirations has consequently increased. In general, these studies find that hopeful feelings have a strong motivating power for (economic) behavior. By and large, the effects of hope seem to be positive, ranging from longevity and health to innovation and well-being. Nonetheless, there have also been indications that prompt caution, for example when it comes to false hopes, disappointment, or possible manipulation of societal hope. The field of economics has gained much valuable insight from existing research but we argue that it could gain from further definitional clarity. We discuss the difference between hope and related concepts such as optimism, in particular when it comes to economic research, and suggest topics for future research that could benefit from a focus on hope.
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Tor, Avishalom. "Justifying Competition Law in the Face of Consumers’ Bounded Rationality." In New Developments in Competition Law and Economics, 3–25. Cham: Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-11611-8_1.

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Zamir, Eyal, and Doron Teichman. "Consumer Contracts." In Behavioral Law and Economics. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780190901349.003.0009.

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This chapter presents an overview of the behavioral analysis of the law of consumer contracts. The chapter reviews various marketing techniques that build upon consumers’ bounded rationality, including the manner of presenting information, limited availability, low-ball and bait-and-switch techniques, and lenient return policies. It also analyzes several pricing techniques, such as price framing, multidimensional prices, deferred and contingent payments, and odd pricing. The chapter then turns to examining the content of consumer contracts, and highlights how pricing methods, non-salient clauses, and modifications might also exploit consumers’ limited rationality. In light of this overview, the chapter examines market-based (primarily competition and reputation) and legal solutions (primarily disclosure and mandatory regulations) to the challenges posed by consumer contracts.
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"Limits to individual rationality." In Consumer Sovereignty and Human Interests, 61–86. Cambridge University Press, 1986. http://dx.doi.org/10.1017/cbo9780511895944.006.

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Conference papers on the topic "Consumer rationality"

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Pataki, Eva, and Andras Sagi. "Contemporary ideas and dilemmas on consumer behavior rationality." In 2010 11th International Symposium on Computational Intelligence and Informatics (CINTI). IEEE, 2010. http://dx.doi.org/10.1109/cinti.2010.5672227.

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Bai, Bing, Zhiqiong Guo, Zhiping Duan, and Lan Zhang. "Adjustment Rationality of Water Price from Consumer Perception Perspective." In 2nd International Conference on Applied Social Science Research (ICASSR 2014). Paris, France: Atlantis Press, 2014. http://dx.doi.org/10.2991/icassr-14.2014.36.

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Ming, Hao, and Le Xie. "Analysis of coupon incentive-based demand response with bounded consumer rationality." In 2014 North American Power Symposium (NAPS). IEEE, 2014. http://dx.doi.org/10.1109/naps.2014.6965456.

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Chunchun, Huang, and Zhou Yean. "Notice of Retraction: Consumer bounded rationality, network externality and the evolution of E-Business network industry." In 2011 International Conference on E-Business and E-Government (ICEE). IEEE, 2011. http://dx.doi.org/10.1109/icebeg.2011.5886813.

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Smetani, Timur, Elizaveta Gureva, Vyacheslav Andreev, Natalya Tarasova, and Nikolai Andree. "Development of the design method for the optimal design of the Neutron Converter experimental plant." In International Conference "Computing for Physics and Technology - CPT2020". Bryansk State Technical University, 2020. http://dx.doi.org/10.30987/conferencearticle_5fce2773381190.97192388.

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The article discusses methods for optimizing the design of the Neutron Converter research plant design with parameters that are most suitable for a particular consumer. 38 similar plant structures with different materials and sources were calculated, on the basis of which the most optimal options were found. As part of the interaction between OKBM Afrikantov JSC and the Nizhny Novgorod State Technical University named after R. E. Alekseev, the Neutron Converter research plant was designed and assembled. The universal neutron converter is a device for converting a stream of fast neutrons emitted by isotopic sources into a "standardized" value of flux density with known parameters in the volume of the central part of the product, which is the working part of the universal neutron converter. To supply neutron converters to other customer organizations (universities, research organizations and collective centers), it is necessary to take into account the experience of operating an existing facility, as well as rationalize the design process of each specific instance in accordance with the requirements of the customer.
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Yokoyama, Ryohei, and Koichi Ito. "Evaluation of Operational Performance of a Gas Turbine Cogeneration Plant With Intake Air Cooled by Ice Storage." In ASME Turbo Expo 2000: Power for Land, Sea, and Air. American Society of Mechanical Engineers, 2000. http://dx.doi.org/10.1115/2000-gt-0304.

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A disadvantage of a gas turbine cogeneration plant is a decrease in maximum power output during the period with high ambient air temperature. One of the ways to avoid this disadvantage is to cool intake air by ice storage and augment maximum power output. An advantage of this system is to utilize a discounted rate for energy charge of electricity consumed to drive electric compression refrigerators for ice storage during the nighttime. The objective of this paper is to investigate the effect of intake air cooling by ice storage on the operational performance of a gas turbine cogeneration plant for district heat and power supply. An optimal operational planning model based on the mixed-integer linear programming is used to assess the effect rationally and efficiently. In a numerical study, the operational performances of gas turbine cogeneration plants with and without intake air cooled by ice storage are compared with each other, and the effect of intake air cooling on the operational strategy and cost is clarified.
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Akai, Ryota, Hirofumi Amaya, and Kikuo Fujita. "Product Family Deployment Through Optimal Resource Allocation Under Market System." In ASME 2010 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference. ASMEDC, 2010. http://dx.doi.org/10.1115/detc2010-28662.

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A series of products, i.e. a product family is deployed for effectively and flexibly meeting with a variety of customer’s needs under a given product platform. Since such a deployment consumes various engineering resources and simultaneously brings profits gradually over the time sequence, when and how respective modules are designed and respective products are launched to the market must be rationally planed. Further, as a nature of product families, module commonalization accelerates the deployment but infuses some overheads on features and production cost. This paper investigates such a product family deployment problem under the optimal design viewpoint. After some general discussions, a mathematical model of dynamic design decisions is conditionally developed by integrating a combinatorial optimization technique for decision of module selection on commonalization and a market system model with discrete choice analysis and for describing the compromise among sequence of product rollout, arrangement of product lineup, required engineering resource, expected profit, etc. Then, the compromise among those factors is illustrated through the case study on a simplified deployment problem of circuit boards for digital television sets. Finally, an optimal planning approach for product family deployment and accompanied resource allocation is envisioned based on the developed model and findings from the case studies.
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Reports on the topic "Consumer rationality"

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Souleles, Nicholas. Consumer Sentiment: Its Rationality and Usefulness in Forecasting Expenditure - Evidence from the Michigan Micro Data. Cambridge, MA: National Bureau of Economic Research, August 2001. http://dx.doi.org/10.3386/w8410.

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