Evolutionary and Adaptive Economic Behavior

Name: Evolutionary and Adaptive Economic Behavior
Brand: VDM Verlag
SKU: 9783639170887
Price: 1618 CZK
Availability: InStock

Autor: Kean Siang Ch'ng

Jazyk:

Vazba: Brožovaná

Vydavatel: VDM Verlag

Dostupnost: U nakladatele na objednávku

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1 618 Kč

When confronted with product whose attributes are§unknown, §consumers can determine its quality by e...

Informace o knize

Autor

Kean Siang Ch'ng

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

2009

Stránek

192

EAN

9783639170887

ISBN

3639170881

Enbook ID

06825427

Vydavatel

VDM Verlag

Hmotnost

290

Rozměry

152 x 229 x 11

Kompletní popis

When confronted with product whose attributes are§unknown, §consumers can determine its quality by either trying§it or wait to §observe the experience of predecessors. Based on this§attitude, we §illustrate the economic behavior of choice among movie §goers and how distributors and exhibitors adapt to§the behavior to §optimize Box O ce collection. Speci cally, we explain§how the §adaptive behavior among the heterogeneous consumers§enables the §evolution of optimal choice. Although the arrival of§choice can §explain the convergence or clustering of opinions, it§is not a static §point in the classical economic equilibrium sense.§Rather, the arrival §of new innovations and information necessitates the§constant §adjustment of opinions to suit the requirement of the§environment. §This dynamism is accounted for in the release and§portfolio decision §in exhibition market, especially the exhibition§contract crafted §should be adaptive and contingent to the demand revealed §throughout the runs of a lm.

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Evolutionary and Adaptive Economic Behavior

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