Information-Based Relative Consumption Effects
研究偏好中的相对消费效应,即个人满意度受他人消费水平影响的现象,并构建演化模型说明自然如何将相对消费效应内嵌于偏好以弥补环境信息的不完全。
Preferences exhibit relative consumption effects if a person's satisfaction with their own consumption appears to depend upon how much others are consuming. This paper examines a model of an evolutionary environment in which Nature optimally builds relative consumption effects into preferences in order to compensate for incomplete environmental information. Copyright Econometric Society 2004.