We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay to buy a risky asset. We relate this measure to a set of consumers’ decisions that in theory should vary with attitude towards risk. We ...nd that elicited risk aversion has considerable predictive power for a number of key household decisions such as choi...

OBJECTIVE The aim of this study was to compare screening performance for Down syndrome of the absolute risk (AR) method to the first trimester combined test (FCT) at different maternal ages. METHODS There was a retrospective analysis of 32,448 FCT. AR was defined as final risk divided by maternal age risk. RESULTS The likelihood of receiving a true prediction was comparable between both met...

During the past decade, the proliferation of social media has infiltrated various sectors of social and business communications. Of particular interest is the growth of health related websites and the healthcare sector’s adoption of social media. In this paper, we develop a typology of health 2.0 collaboration platforms and websites. According to the proposed typology, two major types of actors...

The nature of consumer products causes the difficulty in forecasting the future demands and the accuracy of the forecasts significantly affects the overall performance of the supply chain system. In this study, two data mining methods, artificial neural network (ANN) and support vector machine (SVM), were utilized to predict the demand of consumer products. The training data used was the actual...

Agent technology has been applied to design new services simplifying product and merchant brokering in several consumer industries. The term “shopbots” is generally used to characterize these services. It is proposed that shopbots will reduce consumer search costs and make consumer buying behavior more rational. Based upon a decision making model, we propose twelve hypotheses of the effects of ...

considering the importance of agriculture sector for production, employment and establishing food security, different countries include developed and developing ones, support mentioned sectors in various ways. present study investigates the effects on government support policies on iran's food security using vecm and time series data of 1990-2010. results revealed that government support p...

Product recommender systems aim to support consumers in making buying decisions. However, such a support requires considering the consumer behaviour in making buying decisions. In this paper, we deduce design requirements for utility-based recommender systems from the theory of consumer information behaviour and present empirically findings from experiments conducted with a prototypical impleme...

purpose- the aim of this essay is to attempt to explain the impact of religion and family structure on consumer decision-making style within a muslim country. this paper wants to demonstrate how and why husbands/wives with eastern culture and islamic norms use different decision-making styles. design/methodology/approach- literature reviews on consumer decision-making, religion and family struc...

Price and Income Elasticities Estimated From BLS Consumer Expenditure Surveys and ACCRA Price Data Lester D. Taylor University of Arizona* This paper represents a low-key effort to estimate both price and income elasticities for several broad categories of expenditure from cross-sectional data sets that combine price information collected by ACCRA with the BLS Consumer Expenditure Surveys. Sixt...