Przeglądaj według tematu "D11"
Wyświetlanie pozycji 1-4 z 4
-
Learning own preferences through consumption
(2022-04)This paper provides theoretical foundations for preference discovery theory. We propose to relax the assumption that the consumer has perfect knowledge of their own preferences, so that the consumer knows only the subjective ... -
Categorisation-enhanced mental-accounting consumer behaviour: demand enhancement and endogenous cycles in an overlapping-generations income-age distribution model
(2023-06)Weaknesses of intertemporal optimisation approaches to consumption modelling include excess sensitivity of an individual's expenditure to interest rate changes and the inability to account for the documented behavioural ... -
Consumption modelling using categorisation-enhanced mental accounting
(2023-07)Credibly representing category-of-goods mental accounting in an intertemporal optimisation framework is notoriously difficult, as this modelling approach imposes interrelations between the demand for different categories ... -
Learning, experimentation and the convergence of the discovered preferences
(2024-03)In this article I study whether the interim preferences of the consumer can be expected to converge to their real preferences in the process of preference discovery. I construct a subjective expected utility model of the ...