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Decision

Stefan Hoffmann and Payam Akbar
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Stefan Hoffmann: Christian-Albrechts-Universität zu Kiel
Payam Akbar: Christian-Albrechts-Universität zu Kiel

Chapter 7 in Consumer Behavior, 2023, pp 99-116 from Springer

Abstract: Abstract In this chapter, you will learn how decision situations can be described, how to explain consumer decisions, you will learn about different heuristics, you will learn how context can influence the decision, and what influences consumer decisions. You will learn the following theories and models: Rational Choice Theory, Bounded Rationality, Prospect Theory, Nudging and Framing.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-39476-9_7

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DOI: 10.1007/978-3-658-39476-9_7

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