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Landscape in the Economy of Conspicuous Consumptions

Hokky Situngkir (hokkysitungkir@gmail.com)

MPRA Paper from University Library of Munich, Germany

Abstract: Psychological states side by side with the bounded rational expectations among social agents contributes to the pattern of consumptions in economic system. One of the psychological states are the envy – a tendency to emulate any gaps with other agents’ properties. The evolutionary game theoretic works on conspicuous consumption are explored by growing the micro-view of economic agency in lattice-based populations, the landscape of consumptions. The emerged macro-view of multiple equilibria is shown in computational simulative demonstrations altogether with the spatial clustered agents based upon the emerged agents’ economic profiles.

Keywords: conspicuous consumption; behavioral economics; agent-based simulations (search for similar items in EconPapers)
JEL-codes: A14 B40 C02 C62 C63 C78 D11 D82 E20 (search for similar items in EconPapers)
Date: 2010-05-07
New Economics Papers: this item is included in nep-cbe, nep-cmp and nep-evo
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:22948

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