Consumption behavior and the aspiration for conformity and consistency.

Markus Göbel · Andrea Kupfer Schneider · Tobias Thomas

16 citations0/0 files storedJournal of Neuroscience Psychology and Economics

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Decision-Making and Behavioral Economics Consumer Market Behavior and Pricing Consumer Behavior and Market Dynamics

Abstract

The (socio-)psychological concepts of individual aspiration for conformity and consistency are integrated into the rational choice framework. By using this integrative approach, it is shown that, a ...

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References

1999By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior 1997Psychology and Economics 1990Habit Formation: A Resolution of the Equity Premium Puzzle 1990Asset Prices under Habit Formation and Catching up with the Joneses 1994A Theory of Conformity 2002A perspective on psychology and economics 1997Conspicuous consumption, snobbism and conformism 2003Rational Addiction to News?

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