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Hierarchical Allocation Heuristics in Networked Consumers

In: Networked Consumers

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  • Steven D. Silver

Abstract

The complexities in giving closed forms to processes that govern consumer heuristics are daunting but at the same time compelling in their challenge because of their welfare and growth relevance. From many perspectives, we remain early in the representation of decision heuristics that consumers apply in personal consumption and the policy implications that these heuristics imply. The intention in this chapter will be to further define consumer allocation heuristics and indicate the dependencies of common policy objectives on variables and parameters introduced in the elaborated model and elsewhere in the discourse.

Suggested Citation

  • Steven D. Silver, 2012. "Hierarchical Allocation Heuristics in Networked Consumers," Palgrave Macmillan Books, in: Networked Consumers, chapter 5, pages 79-104, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-36255-0_5
    DOI: 10.1057/9780230362550_5
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