The Behavioral Life-Cycle Theory Of Consumer Behavior: Survey Evidence
AbstractWe find that survey evidence on faculty pay-cycle choice strongly contradicts the neoclassical theory of consumer behavior. It is more favorable to the behavioral life-cycle theory of Shefrin and Thaler (1988).
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Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0004004.
Length: 19 pages
Date of creation: 06 Jun 2000
Date of revision:
Note: Type of Document - .pdf (version 4); prepared on PC, Win95, WP 8, Distiller 4; to print on none; pages: 19 ; figures: none
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behavioral life-cycle theory; consumer behavior; survey evidence;
Other versions of this item:
- Graham, Fred & Isaac, Alan G., 2002. "The behavioral life-cycle theory of consumer behavior: survey evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 48(4), pages 391-401, August.
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-02-14 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Thaler, Richard H, 1990. "Saving, Fungibility, and Mental Accounts," Journal of Economic Perspectives, American Economic Association, vol. 4(1), pages 193-205, Winter.
- Shefrin, Hersh M & Thaler, Richard H, 1988. "The Behavioral Life-Cycle Hypothesis," Economic Inquiry, Western Economic Association International, vol. 26(4), pages 609-43, October.
- Thaler, Richard H & Shefrin, H M, 1981.
"An Economic Theory of Self-Control,"
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- Simon, Herbert A, 1986. "Rationality in Psychology and Economics," The Journal of Business, University of Chicago Press, vol. 59(4), pages S209-24, October.
- Richard H. Thaler, 2000. "From Homo Economicus to Homo Sapiens," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 133-141, Winter.
- Victor V. Claar & Christine Cain & Ross D. Poll, 2013.
"Spreading academic pay over nine or twelve months: economists are supposed to know better, but do they act better?,"
Taylor and Francis Journals, vol. 45(19), pages 2792-2800, July.
- Claar, Victor V & Diestl, Christine M & Poll, Ross D, 2009. "Spreading Academic Pay over Nine or Twelve Months: Economists Are Supposed to Know Better, but Do They Act Better?," MPRA Paper 18344, University Library of Munich, Germany, revised 20 Oct 2009.
- Claar, Victor V & Diestl, Christine M & Poll, Ross D, 2009. "Spreading Academic Pay over Nine or Twelve Months: Economists Are Supposed to Know Better, but Do They Act Better?," MPRA Paper 14273, University Library of Munich, Germany.
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