000019296 001__ 19296
000019296 005__ 20170824042111.0
000019296 037__ $$a378-2016-21494
000019296 041__ $$aen
000019296 245__ $$aBayesian Analysis of Consumer Choices with Taste, Context, Reference Point and Individual Scale Effects
000019296 260__ $$c2005
000019296 269__ $$a2005
000019296 270__ $$mwhu@ualberta.ca$$pHu,   Wuyang
000019296 270__ $$mvic.adamowicz@ualberta.ca$$pAdamowicz,   Wiktor
000019296 270__ $$mmichele.veeman@ualberta.ca$$pVeeman,   Michele
000019296 300__ $$a24
000019296 336__ $$aConference Paper/ Presentation
000019296 446__ $$aEnglish
000019296 490__ $$aSelected Paper 136894
000019296 520__ $$aThis paper adopts an approach based on the concepts of random utility maximization and builds on the general theoretical framework of Lancaster and on the conceptual and econometric innovations of McFadden.  Recent research in this area explores models that account for context effects, as well as methods for characterizing heterogeneity, response variability and decision strategy selection by consumers.  This makes it possible to construct much richer empirical models of individual consumer behavior.  A Bayesian approach provides a useful way to estimate and interpret models that are difficult to accomplish by conventional maximization/minimization algorithms.  The application reported in the paper involves analysis of reference dependence and product labeling as context effects and the assessment of heterogeneity and response variability.
000019296 650__ $$aConsumer/Household Economics
000019296 700__ $$aHu, Wuyang
000019296 700__ $$aAdamowicz, Wiktor L.
000019296 700__ $$aVeeman, Michele M.
000019296 8564_ $$s88998$$uhttp://ageconsearch.umn.edu/record/19296/files/sp05hu02.pdf
000019296 887__ $$ahttp://purl.umn.edu/19296
000019296 909CO $$ooai:ageconsearch.umn.edu:19296$$qGLOBAL_SET
000019296 912__ $$nMade available in DSpace on 2007-03-07T23:02:22Z (GMT). No. of bitstreams: 1
sp05hu02.pdf: 88998 bytes, checksum: c6484ad7939617b073ee5621ae3f5171 (MD5)
  Previous issue date: 2005
000019296 982__ $$gAmerican Agricultural Economics Association>2005 Annual meeting, July 24-27, Providence, RI
000019296 980__ $$a378