dc.contributor.author | Hopkins, Ed | de |
dc.date.accessioned | 2010-11-04T02:59:00Z | de |
dc.date.accessioned | 2012-08-29T22:20:03Z | |
dc.date.available | 2012-08-29T22:20:03Z | |
dc.date.issued | 2007 | de |
dc.identifier.uri | http://www.ssoar.info/ssoar/handle/document/19949 | |
dc.description.abstract | In a model of dynamic duopoly, optimal price policies are characterized assuming consumers learn adaptively about the relative quality of the two products. A contrast is made between belief-based and reinforcement learning. Under reinforcement learning, consumers can become locked into the habit of purchasing inferior goods. Such lock-in permits the existence of multiple history-dependent asymmetric steady states in which one firm dominates. In contrast, belief-based learning rules must lead asymptotically to correct beliefs about the relative quality of the two brands and so in this case there is a unique steady state. | en |
dc.language | en | de |
dc.subject.ddc | Wirtschaft | de |
dc.subject.ddc | Sociology & anthropology | en |
dc.subject.ddc | Economics | en |
dc.subject.ddc | Soziologie, Anthropologie | de |
dc.subject.other | Learning; Consumer behavior; Dynamic pricing; Behavioral economics; Reinforcement learning; Market structure | |
dc.title | Adaptive learning models of consumer behavior | en |
dc.description.review | begutachtet (peer reviewed) | de |
dc.description.review | peer reviewed | en |
dc.source.journal | Journal of Economic Behavior & Organization | de |
dc.source.volume | 64 | de |
dc.publisher.country | NLD | |
dc.source.issue | 3-4 | de |
dc.subject.classoz | Wirtschaftssoziologie | de |
dc.subject.classoz | Marketing | de |
dc.subject.classoz | Marketing | en |
dc.subject.classoz | Sociology of Economics | en |
dc.identifier.urn | urn:nbn:de:0168-ssoar-199499 | de |
dc.date.modified | 2010-11-04T10:20:00Z | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | de |
dc.rights.licence | PEER Licence Agreement (applicable only to documents from PEER project) | en |
ssoar.gesis.collection | SOLIS;ADIS | de |
ssoar.contributor.institution | http://www.peerproject.eu/ | de |
internal.status | 3 | de |
dc.type.stock | article | de |
dc.type.document | journal article | en |
dc.type.document | Zeitschriftenartikel | de |
dc.rights.copyright | f | de |
dc.source.pageinfo | 348-368 | |
internal.identifier.classoz | 1090405 | |
internal.identifier.classoz | 10205 | |
internal.identifier.journal | 196 | de |
internal.identifier.document | 32 | |
internal.identifier.ddc | 330 | |
internal.identifier.ddc | 301 | |
dc.identifier.doi | https://doi.org/10.1016/j.jebo.2006.02.010 | de |
dc.description.pubstatus | Postprint | en |
dc.description.pubstatus | Postprint | de |
internal.identifier.licence | 7 | |
internal.identifier.pubstatus | 2 | |
internal.identifier.review | 1 | |
internal.check.abstractlanguageharmonizer | CERTAIN | |
internal.check.languageharmonizer | CERTAIN_RETAINED | |