Partially Altruistic Consumer Choice in Presence of Consensus Bias

2017 ◽  
Author(s):  
Sumit Sarkar ◽  
Arundhati Sarkar Bose
Keyword(s):  
Consumer Choice ◽  
Consensus Bias

Consumer Choice Modeling via TOPSIS

2009 ◽  
Author(s):  
Suresh K. Bhatt ◽  
Namita Bhatnagar ◽  
S. S. Appadoo
Keyword(s):  
Consumer Choice ◽  
Choice Modeling

Decision Making Styles and Consumer Choice

2008 ◽  
Author(s):  
Thomas Nygren ◽  
Rebecca White ◽  
Kristi Snuttjer
Keyword(s):  
Decision Making ◽  
Consumer Choice ◽  
Decision Making Styles

Arousal Congruency and Consumer Choice

2010 ◽  
Author(s):  
Fabrizio Di Muro ◽  
Kyle B. Murray
Keyword(s):  
Consumer Choice

THE LONE CHOCOLATE BAR THE INFLUENCE OF PERCEIVED SCARCITY ON CONSUMER CHOICE

2017 ◽  
Vol 2017 ◽  
pp. 425-430
Author(s):  
Siobhan HattonJones ◽  
◽  
Emma Regolini ◽  
Min Teah ◽  
Isaac Cheah ◽  
...  
Keyword(s):  
Consumer Choice

The transformation of the decision-making process on the part of economic agents influenced by social constraints

2020 ◽  
Vol 16 (7) ◽  
pp. 1202-1222
Author(s):  
M.V. Grechko ◽  
L.A. Kobina ◽  
S.A. Goncharenko
Keyword(s):  
Decision Making ◽  
Consumer Choice ◽  
Social Constraints ◽  
Decision Making Process ◽  
Economic Knowledge ◽  
Economic Agents ◽  
The Individual ◽  
Contextual Environment ◽  
Economic Constraints ◽  
External Signals

Subject. The article focuses on the decision-making mechanism used by economic agents given the existing social constraints. Objectives. We devise applied toolkit to study how socio-economic constraints transform the decision-making mechanism used by economic agents. Methods. The study involves means of the expert survey, the method that streamlines economic knowledge. Results. Social constraints are illustrated to influence the decision-making mechanism used by economic agents, assuming that the individual mind relies on specific mechanisms to make judgments and decisions. Generally, the mechanisms are very useful, however they may generate serious errors during the decision-making process. Given the social constraints, economic agents were found to follow four mental models to make their decisions in case of the full or partial uncertainty, i.e. the representative relevance, accessibility, relations, heuristics (modeling). Conclusions and Relevance. The scientific ideas herein show that the inner architecture of a choice an individual makes determines his or her decisions. The decisions often depend on the contextual environment that gives external signals perceived by the individual while evaluating alternative ways. The findings can possibly be used as a mechanism to manage the consumer choice.

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