2010
DOI: 10.2139/ssrn.1617210
|View full text |Cite
|
Sign up to set email alerts
|

Landscape in the Economy of Conspicuous Consumptions

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 computati… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1

Citation Types

0
2
0

Year Published

2011
2011
2018
2018

Publication Types

Select...
2
1

Relationship

2
1

Authors

Journals

citations
Cited by 3 publications
(2 citation statements)
references
References 15 publications
0
2
0
Order By: Relevance
“…This hypothetical situation illustrate that in this modern world people buy products not only for the functionality or degree of necessity, but also related to the profile beneficiaries (Situngkir, 2010). Prestige plays a key role in one's preference.…”
Section: Figure 03 Typical Behavior Of Agentsmentioning
confidence: 93%
“…This hypothetical situation illustrate that in this modern world people buy products not only for the functionality or degree of necessity, but also related to the profile beneficiaries (Situngkir, 2010). Prestige plays a key role in one's preference.…”
Section: Figure 03 Typical Behavior Of Agentsmentioning
confidence: 93%
“…Culture teaches people to manage themselves on things they need for the sake of their sustainability and survivability in the society. In [4], we have discussed how social neighborhood may perplex the concavity of the demand curve, which is related to the way people feel happy or unhappy about things economically.…”
Section: Introductionmentioning
confidence: 99%