This paper investigates the validity of Islamic art as an investment product. We examine the current and future market potential, as well as, performing a hedonic regression analysis on London auction sales from 1998 to 2007. The main findings of the research are; Islamic art returns out performed both the equity and debt markets over the last 10 years; increases in oil prices have a positive e...

Utilising secondary data, the present study investigated the effect of operational attributes and product type (cuisine) on the price that consumers paid in restaurants. Contrary to the commonly held belief, food quality generally had the lowest impact on price. High-end restaurants differed

The ventral pallidum (VP) is a key structure in brain mesocorticolimbic reward circuits that mediate "liking" reactions to sensory pleasures. Do firing patterns in VP actually code sensory pleasure? Strong evidence for hedonic coding requires showing that neural signals track positive increases in sensory pleasure or even reversals from bad to good. A useful test is the salt alliesthesia of phy...

The practice of making hedonic-based price adjustments to remove the effects of quality changes in goods and services that enter into the calculation of the U.S. Consumer Price Index (CPI) has to date focused primarily on indexes for consumer electronics, appliances, housing, and apparel. In an effort to expand the use of hedonic adjustments to a service-oriented area of the CPI, this article i...

This paper combines survey data on homeowners’ stated perceptions with market transactions data to investigate how perceptions guide actual market behavior. The study shows that when a public amenity associated with housing is valued for its overall effect, this value captures a substantial amount of homeowners’ perceived values of its components. Even if the objective levels of the components ...

BACKGROUND Repetitive transcranial magnetic stimulation over the left dorsolateral prefrontal cortex (DLPFC) has been documented to influence striatal and orbitofrontal dopaminergic activity implicated in reward processing. However, the exact neuropsychological mechanisms of how DLPFC stimulation may affect the reward system and how trait hedonic capacity may interact with the effects remains t...

In this study gesture-based interaction technologies are compared with device-based interaction methods (Mouse and Wii) in terms of pragmatic and hedonic quality. Results show that both pragmatic and hedonic qualities are important indicators when evaluating interaction technologies, as they yield complementary and sometimes differing results. More embodied interaction (gestures and Wii) reveal...