The Rational Consumer
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The Rational Consumer
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Author : Robert Ernest Hall
language : en
Publisher: MIT Press
Release Date : 1990
The Rational Consumer written by Robert Ernest Hall and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
The Rational Consumer brings together eight articles that represent key points in the development of Robert Hall's ideas on consumption over the past two decades. Since the late 1960s, Robert Hall's research has had a significant impact on the macroeconomic study of consumer behavior. The Rational Consumer brings together eight articles that represent key points in the development of Hall's ideas on consumption over the past two decades. In his introduction, Hall puts this work into perspective, tying together his ideas and pointing to how consumer behavior should work in the future given what he has discovered.Working within the standard intertemporal models of consumption - the overlapping generations model and the infinite lifetime model - Hall's contributions to methodology have been especially important. Particularly noteworthy was his challenge to the prevalent model in which current consumption was seen as deriving from expected future income. Hall argued that consumption was, instead, based upon the actual present discounted value of future income.ContentsIntroduction - The Allocation of Wealth among the Generations of a Family that Lasts Forever - A Theory of Inheritance - The Dynamic Effects of Fiscal Policy in an Economy with Foresight - Consumption Taxes versus Income Taxes: Implications for Economic Growth - Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence - The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households (with Frederic S. Mishkin) - Intertemporal Substitution in Consumption - Survey of Research on the Random Walk of Consumption - The Role of Consumption in Economic Fluctuations
The Implicit Psychology Of The Rational Consumer
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Author : Stavros A. Drakopoulos
language : en
Publisher:
Release Date : 1989
The Implicit Psychology Of The Rational Consumer written by Stavros A. Drakopoulos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Competition, Imperfect categories.
Models Of The Rational Consumer
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Author : A.P. Barten
language : en
Publisher:
Release Date : 1987
Models Of The Rational Consumer written by A.P. Barten and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with categories.
The Rational Consumer Bad For Business And Politics
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Author : Nyamnjoh, Francis B.
language : en
Publisher: Langaa RPCIG
Release Date : 2018-09-15
The Rational Consumer Bad For Business And Politics written by Nyamnjoh, Francis B. and has been published by Langaa RPCIG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-09-15 with Philosophy categories.
This book discusses the seminal role played by Edward Bernays, a nephew of Sigmund Freud, in the founding of American-style public relations – persuasive communication through manipulation of symbols – and his huge (and cynical) impact on the American economic and political scene. It provides a substantiated and convincing explanation for what is happening today in Donald Trump’s America. In the form of a history of ideas, the book makes clear that the present Trumpian manipulation of democracy and what it means to be American has a long pre-history and continues to go through different phases, involving the cultivation and institutionalisation of strong bonds between business and politics. The book shows how this is intimately linked with a science, intellectualism and practice informed by a series of binary oppositions in human action and interaction (e.g. rationality and irrationality, reason and emotion, mind and body, brain and heart, insider and outsider, us and them) and how unpredictable human nature really is. It makes a convincing argument that being human depends on how successfully we are able to negotiate such apparently contradictory binaries with the intricacies and dynamism of human agency. It is rich and thought provoking and very timely, given the exclusionary politics of fear, anger, hate and nativism we see unfolding not only in the USA but all over the world.
Bounded Rationality And Industrial Organization
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Author : Ran Spiegler
language : en
Publisher: Oxford University Press
Release Date : 2011-02-18
Bounded Rationality And Industrial Organization written by Ran Spiegler and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-18 with Business & Economics categories.
Conventional economic theory assumes that consumers are fully rational, that they have well-defined preferences and easily understand the market environment. Yet, in fact, consumers may have inconsistent, context-dependent preferences or simply not enough brain-power to evaluate and compare complicated products. Thus the standard model of consumer behavior-which depends on an ideal market in which consumers are boundlessly rational-is called into question. While behavioral economists have for some time confirmed and characterized these inconsistencies, the logical next step is to examine the implications they have in markets. Grounded in key observations in consumer psychology, Bounded Rationality and Industrial Organization develops non-standard models of "boundedly rational" consumer behavior and embeds them into familiar models of markets. It then rigorously analyses each model in the tradition of microeconomic theory, leading to a richer, more realistic picture of consumer behavior. Ran Spiegler analyses phenomena such as exploitative price plans in the credit market, complexity of financial products and other obfuscation practices, consumer antagonism to unexpected price increases, and the role of default options in consumer decision making. Spiegler unifies the relevant literature into three main strands: limited ability to anticipate and control future choices, limited ability to understand complex market environments, and sensitivity to reference points. Although the challenge of enriching the psychology of decision makers in economic models has been at the frontier of theoretical research in the last decade, there has been no graduate-level, theory-oriented textbook to cover developments in the last 10-15 years. Thus, Bounded Rationality and Industrial Organization offers a welcome and crucial new understanding of market behavior-it challenges conventional wisdom in ways that are interesting and economically significant, and which in the end effect the well-being of all market participants.
The Impossibility Of Rational Consumer Choice
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Author : Brendan Markey-Towler
language : en
Publisher:
Release Date : 2014
The Impossibility Of Rational Consumer Choice written by Brendan Markey-Towler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Three Essays On Rational Consumer Behavior
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Author : David Yong Shim
language : en
Publisher:
Release Date : 1987
Three Essays On Rational Consumer Behavior written by David Yong Shim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Consumers categories.
The Implicit Psychology Of The Theory Of Rational Consumer
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Author : Stavros A. Drakopoulos
language : en
Publisher:
Release Date : 1989
The Implicit Psychology Of The Theory Of Rational Consumer written by Stavros A. Drakopoulos and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with categories.
Approximately Rational Consumer Demand
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Author : David Jerison
language : en
Publisher:
Release Date : 1991
Approximately Rational Consumer Demand written by David Jerison and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.
The Rational Consumer Bad For Business And Politics
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Author : B. Nyamnjoh
language : en
Publisher: African Books Collective
Release Date : 2018-08-07
The Rational Consumer Bad For Business And Politics written by B. Nyamnjoh and has been published by African Books Collective this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-07 with Philosophy categories.
This book discusses the seminal role played by Edward Bernays, a nephew of Sigmund Freud, in the founding of American-style public relations persuasive communication through manipulation of symbols and his huge (and cynical) impact on the American economic and political scene. It provides a substantiated and convincing explanation for what is happening today in Donald Trumps America. In the form of a history of ideas, the book makes clear that the present Trumpian manipulation of democracy and what it means to be American has a long pre-history and continues to go through different phases, involving the cultivation and institutionalisation of strong bonds between business and politics. The book shows how this is intimately linked with a science, intellectualism and practice informed by a series of binary oppositions in human action and interaction (e.g. rationality and irrationality, reason and emotion, mind and body, brain and heart, insider and outsider, us and them) and how unpredictable human nature really is. It makes a convincing argument that being human depends on how successfully we are able to negotiate such apparently contradictory binaries with the intricacies and dynamism of human agency. It is rich and thought provoking and very timely, given the exclusionary politics of fear, anger, hate and nativism we see unfolding not only in the USA but all over the world.