The Experts below are selected from a list of 282 Experts worldwide ranked by ideXlab platform

Keith W Bryant - One of the best experts on this subject based on the ideXlab platform.

  • riding the wave Consumer Economics and the Consumer movement in the united states
    Journal of Consumer Policy, 1999
    Co-Authors: Keith W Bryant
    Abstract:

    The development and current state of the scholarly field of Consumer Economics in the United States is discussed in relation to the Consumer Movement and other forces that have impinged upon it. Membership in the American Council on Consumer Interests, the scholarly organization for Consumer economists, is used as one measure of the size and health of the field. Other forces impinging on the field that are discussed include: the baby boom induced increase in the demand for college education; the subsequent decline in the support for higher education as higher education costs rose throughout the 1980s and 1990s; the decline in the Federal Government's support for Consumer research and Consumer education; and the development of competing organizations.

Daniel Schunk - One of the best experts on this subject based on the ideXlab platform.

  • Search behaviour with reference point preferences : theory and experimental evidence
    2020
    Co-Authors: Daniel Schunk
    Abstract:

    People are heterogeneous with respect to their behaviour in sequential decision situations. This paper develops models for search behaviour under the assumption of expected-utility maximisation and a new search model that assumes sequential updating of utility reference points during the search process. I find experimental evidence that supports the new reference point model: Individual loss aversion is systematically related to the observed search behaviour in a way that is consistent with the predictions of the reference point model. Risk attitude is not related to search behaviour. The finding that many people set reference points in sequential decision tasks is of interest in, e.g. Consumer Economics, labour Economics, finance, and decision theory.

  • Behavioral heterogeneity in dynamic search situations: Theory and experimental evidence
    Journal of Economic Dynamics and Control, 2009
    Co-Authors: Daniel Schunk
    Abstract:

    This paper presents models for search behavior and provides experimental evidence that behavioral heterogeneity in search is linked to heterogeneity in individual preferences. Observed search behavior is more consistent with a new model that assumes dynamic updating of utility reference points than with models that are based on expected-utility maximization. Specifically, reference point updating and loss aversion play a role for more than a third of the population. The findings are of practical relevance as well as of interest for researchers who incorporate behavioral heterogeneity into models of dynamic choice behavior in, for example, Consumer Economics, labor Economics, finance, and decision theory.

  • Search behaviour with reference point preferences
    2005
    Co-Authors: Daniel Schunk
    Abstract:

    People are heterogeneous with respect to their behaviour in sequential decision situations. This paper develops models for search behaviour under the assumption of expected-utility maximisation and a new search model that assumes sequential updating of utility reference points during the search process. I find experimental evidence that supports the new reference point model: Individual loss aversion is systematically related to the observed search behaviour in a way that is consistent with the predictions of the reference point model. Risk attitude is not related to search behaviour. The finding that many people set reference points in sequential decision tasks is of interest in, e.g. Consumer Economics, labour Economics, finance, and decision theory.

Arjun Mukherjee - One of the best experts on this subject based on the ideXlab platform.

  • ASONAM - Product Popularity Modeling Via Time Series Embedding
    2018 IEEE ACM International Conference on Advances in Social Networks Analysis and Mining (ASONAM), 2018
    Co-Authors: Santosh K C, Sohan De Sarkar, Arjun Mukherjee
    Abstract:

    Electronic commerce has a dominant role in Consumer Economics. and popular garnering a lot of research attention. Understanding Consumer market dynamics based on product popularity is crucial for business intelligence. This work explores the temporal dynamics in online marketing. We introduce a new popularity index based on Amazon: Product Popularity based on Sales Review Volume (PPSRV). We explore and evaluate sequential deep learning models to obtain time series embedding that can predict the product popularity. We further characterize popularity competition between similar products and extend our model of popularity prediction in a competitive environment. Experimental results on large-scale reviews demonstrate the effectiveness of our approach.

  • Product Popularity Modeling Via Time Series Embedding
    2018 IEEE ACM International Conference on Advances in Social Networks Analysis and Mining (ASONAM), 2018
    Co-Authors: K.c. Santosh, Sohan De Sarkar, Arjun Mukherjee
    Abstract:

    Electronic commerce has a dominant role in Consumer Economics. and popular garnering a lot of research attention. Understanding Consumer market dynamics based on product popularity is crucial for business intelligence. This work explores the temporal dynamics in online marketing. We introduce a new popularity index based on Amazon: Product Popularity based on Sales Review Volume (PPSRV). We explore and evaluate sequential deep learning models to obtain time series embedding that can predict the product popularity. We further characterize popularity competition between similar products and extend our model of popularity prediction in a competitive environment. Experimental results on large-scale reviews demonstrate the effectiveness of our approach.

W. Keith Bryant - One of the best experts on this subject based on the ideXlab platform.

  • The economic organization of the household, Second edition
    2020
    Co-Authors: W. Keith Bryant, Cathleen D. Zick
    Abstract:

    Surveying the field of the Economics of the household, the second edition of this text reviews the theory of the Consumer at the intermediate undergraduate level. The text applies and extends the theory to Consumer demand and expenditures; consumption and saving; time allocation among market work, home work, and leisure; human capital emphasizing investment in education, children, and health; fertility; marriage; anddivorce. InfluencedbyGaryBecker andhis associates, the models developed are used to help explainmodernU.S. trends in family behavior. Topics are discussedwith the aid of geometry and a little algebra. For those with a background in calculus, mathematical endnotes provide the models on which the text discussions are based and interesting applications beyond the scope of the text. The work is suitable for upper-level undergraduates in Economics, Consumer Economics, and public policy programs. The text is also useful as an introduction to the Economics of the family for graduate students in sociology, demography, and the policy sciences.

  • Riding the Wave: Consumer Economics and the Consumer Movement in the
    1999
    Co-Authors: W. Keith Bryant
    Abstract:

    The development and current state of the scholarly field of Consumer Economics in the United States is discussed in relation to the Consumer Movement and other forces that have impinged upon it. Membership in the American Council on Consumer Interests, the scholarly organization for Consumer economists, is used as one measure of the size and health of the field. Other forces impinging on the field that are discussed include: the baby boom induced increase in the demand for college education; the subsequent decline in the support for higher education as higher education costs rose throughout the 1980s and 1990s; the decline in the Federal Government's support for Consumer research and Consumer education; and the devel- opment of competing organizations. Consumer Economics in the United States has been carried as well as buffeted by several political, demographic, and economic waves over the past 40-odd years. Perhaps the two most important waves (or "eras," Mayer, 1989) have been "the third wave of the Consumer movement" and the higher education wave that began when the baby boom generation began to reach college age in the late 1950s and 1960s. I have dealt with the effect of the baby boom and rising higher education costs on the field in another paper (Bryant, 1992) and that analysis need not be repeated in detail. This essay concentrates on the link between the field of Consumer Economics and the Consumer Movement in the United States and attendant issues. By Consumer Economics is not meant the larger field of Consumer and family Economics within which Consumer Economics is nested. Rather, by Consumer Economics is meant that part of the larger field that concerns itself with the operation of Consumer goods and services markets, Consumer mortgage and credit markets, Consumer protection, Consumer policy, Consumer expenditure and savings decisions, and Consumer education. Thus, I mean to exclude the area normally encompassed by the terms "family management" and "family rela- tions" as well as the work on family time-use, the division of labor within the household, the interconnections between the family and

Jayson L. Lusk - One of the best experts on this subject based on the ideXlab platform.

  • Animal welfare Economics
    Applied Economic Perspectives and Policy, 2011
    Co-Authors: Jayson L. Lusk, F. Bailey Norwood
    Abstract:

    This article highlights some key areas where Economics can contribute to the current debate about animal welfare. Production Economics reveals that producers will not maximize animal welfare, even if animal well-being is highly correlated with output. Welfare Economics raises thorny issues about the double-counting of benefits when humans exhibit altruism towards animals, while public Economics uncovers potential market failures and possible solutions. Consumer Economics provides a means of determining human and animal benefits from animal well-being policies in dollar terms. Overall, economists have much to contribute to the animal welfare debate and the well-being of humans and animals could be improved with more economic analysis on the effects of private and government actions related to animal welfare.

  • food and Consumer Economics
    American Journal of Agricultural Economics, 2010
    Co-Authors: Laurian J Unnevehr, Jayson L. Lusk, James S Eales, Helen H Jensen, Jill J Mccluskey, Jean D Kinsey
    Abstract:

    Agricultural economists first carried out demand studies in order to understand determinants of farm prices and incomes. The shift to a focus on Consumer welfare began with studies of the role of food and food assistance in standards of living. Now the profession is more concerned with how information and quality attributes influence Consumer behavior. Agricultural economists’ empirical work in this field has informed the development of household production theory, hedonic price theory, definitions of poverty thresholds, complete demand systems, and survey and experimental techniques to elicit preferences.