Rational economic choice

Part 1 of ebook "Intermediate microeconomics with Microsoft Excel®" provides readers with contents including: consumer behavior; budget constraint; satisfaction; optimal choice; comparative statics; endowment models; bads; search theory; behavioral economics; rational addiction;...

356p tieulangtran 28-09-2023 4 3   Download

Continued part 1, part 2 of ebook "Introduction to sociological theory: Theorists, concepts, and their applicability to the twenty-first century (Second edition)" provides readers with contents including: exchange, exchange network, and rational choice theories; symbolic interactionism; phenomenology and ethnomethodology; feminist theories; michel foucault - theorizing sexuality, the body, and power;...

321p hanlinhchi 29-08-2023 7 3   Download

Lecture Consumer finance: Chapter 2 - Rational economic choice and financial decisions provide students with knowledge about modelling human financial behavior, in this lecture we will use rational models as proscriptive guides, optimal consumption, saving, and investing.

48p huangminghao_1902 27-02-2022 10 1   Download

Chapter 23 - Public policy and choice architecture. After studying this chapter you will be able to understand: How to define choice architecture, and how nudges influence individual decision making? In what ways human decision‐making does not conform to the model of full information and rational choices? How demand for commitment devices can be rational?...

5p koxih_kothogmih6 22-09-2020 14 1   Download

Chapter 22 - Political choices. In this chapter you will learn: What the predictions and assumptions of the median-voter theorem are? What the characteristics of ideal versus real voting systems are? How to explain the idea of a rational voter and rational ignorance?...

8p koxih_kothogmih6 22-09-2020 12 0   Download

After studying this chapter you will be able to understand: How to define choice architecture, and how nudges influence individual decision making? In what ways human decision‐making does not conform to the model of full information and rational choices? How demand for commitment devices can be rational?...

29p nanhankhuoctai1 06-05-2020 17 2   Download

Decision-making theories in tourism can be classified into three groups based on their underlined assumptions: rational choice, affect-driven and dual-process theories. Rational choice theories are the dominant framework in many fields including economics, political science, finance, marketing and tourism.

22p vixuka2711 12-06-2019 12 0   Download

Decision-making theories in tourism can be classified into three groups based on their underlined assumptions: rational choice, affect-driven and dual-process theories. Rational choice theories are the dominant framework in many fields including economics, political science, finance, and marketing.

16p vixuka2711 12-06-2019 19 1   Download

(bq) part 1 book "microeconomics and behavior" has contents: thinking like an economist, thinking like an economist, rational consumer choice, applications of rational choice and demand theories, the economics of information and choice under uncertainty, departures from standard rational choice models, production, costs.

337p bautroibinhyen27 11-05-2017 74 8   Download

(bq) part 1 book "microeconomics and behavior" has contents: introduction, the theory of consumer behavior, rational consumer choice, individual and market demand, applications of rational choice and demand theories, the economics of information and choice under uncertainty, the importance of altruism and other nonegoistic behavior, cognitive limitations and consumer behavior.

292p bautroibinhyen18 21-02-2017 46 5   Download

Chapter 19 - The logic of individual choice: The foundation of supply and demand. After reading this chapter, you should be able to: Discuss the principle of diminishing marginal utility and the principle of rational choice; explain the relationship between marginal utility and price when a consumer is maximizing total utility; summarize how the principle of rational choice accounts for the laws of demand and supply;...

17p whocare_b 06-09-2016 43 1   Download

Establishing governance and institutional frameworks: Chapter 3 reports the extent to which countries have been able to establish the political, social, economic and administrative systems needed for managing the development and use of water resources. Applying management instruments: Chapter 4 reports the extent to which countries have been able to apply tools and methods, often referred to as “management instruments” that enable and help decision-makers to make rational and informed choices between alternative actions.

16p seketnoi 26-04-2013 68 6   Download

Finally, the shape of the spending profile over the pay period, and the motivation behind it, are important subjects for study in their own right. Our results add to the debate on whether the industry in “payday loans” exploits self-control problems, by testing whether households in fact experience a struggle for self-control between paydays.

54p bin_pham 06-02-2013 51 4   Download

Economists have an answer to the question of why people behave as they do — self interest. Economists' analysis of individual choice does not deny individual differences. A good beginning in understanding individual choice is to focus on the rational part of people's behavior.

66p mientrung102 29-01-2013 65 11   Download

This book accomplishes two goals. First, it provides an in-depth description of budgetary politics and policy-making in state budget offices. The data rendered in these chapters fills a significant gap in our understanding of state budget processes, and how budgeting and policy-making are linked in state budget offices. Except for a few important attempts in the early 1960s, very little is written about state budget office activities, which is surprising given their crucial position at the nexus of budgeting and policy-making in many states.

398p hyperion75 15-01-2013 66 7   Download

Herbert Simon’s work on bounded rationality has had little impact on health policy discourse, despite numerous supportive findings. This is particularly sur- prising in regard to the elderly, a group marked by a decline in higher cognitive functions. Elders’ cognitive capacity to make decisions will be challenged even further with the introduction of the new Medicare prescription drug benefit program, mainly because of the many options available. At the same time, a growing body of evidence points to the perils of having too many choices.

63p ut_hai_can 26-12-2012 51 1   Download

The Zeuthen Lectures offer a forum for leading scholars to develop and synthesize novel results in theoretical and applied economics. They aim to present advances in knowledge in a form accessible toa wide audience of economists and advanced students of economics. The choice of topics will range from abstract theorizing to economic history. Regardless of the topic, the emphasis in the lecture series will be on originality and relevance. The Zeuthen Lectures are organized by the Institute of Economics, University of Copenhagen....

221p transang5 19-10-2012 84 4   Download

1. A. “Demand and Consumer Choice”, including addendum “Consumer Choice and Indifference Curves” The candidate should be able to: a. explain consumer choice in an economic framework; Principles behind Consumer Choice i) Limited income versus unlimited desires necessitates choices. ii) Consumers make rational choices to achieve their goals. iii) Consumers can substitute between “like” goods. iv) Consumers make decisions based on less than perfect information.

23p anhvu_611 12-10-2012 48 8   Download

ALFRED MARSHALL MEETS LAW AND ECONOMICS: RATIONALITY, NORMS, AND THEORIES AS TENDENCY STATEMENTS.Thomas Ulen (2000, p. 797) has recently argued that the ‘‘most important’’ characteristic of the economic analysis of law is ‘‘its use of rational choice theory to examine legal decisions

18p yeutrasua 26-11-2010 137 7   Download

Food analysis is the discipline dealing with the development, application and study of analytical procedures for characterizing the properties of foods and their constituents. These analytical procedures are used to provide information about a wide variety of different characteristics of foods, including their composition, structure, physicochemical properties and sensory attributes.

114p timhoaca 20-06-2010 209 126   Download