Hierarchical Allocation Heuristics in Networked Consumers

Steven D. Silver

Chapter 5 in Networked Consumers, 2012, pp 79-104 from Palgrave Macmillan

Abstract: Abstract The complexities in giving closed forms to processes that govern consumer heuristics are daunting but at the same time compelling in their challenge because of their welfare and growth relevance. From many perspectives, we remain early in the representation of decision heuristics that consumers apply in personal consumption and the policy implications that these heuristics imply. The intention in this chapter will be to further define consumer allocation heuristics and indicate the dependencies of common policy objectives on variables and parameters introduced in the elaborated model and elsewhere in the discourse.

Keywords: Activity Class; Preference Variable; Depreciation Rate; Commercial Field; Personal Consumption (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36255-0_5

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DOI: 10.1057/9780230362550_5

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