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题名A Behavioral Foundation of Satiation and Habituation
作者
发表日期2023-02
发表期刊Mathematics
卷号11期号:3
摘要

Tastes change over time. People’s tastes are distorted through two channels: satiation formation and habit formation. In this paper, we develop a theoretical foundation of satiation and habituation by an axiomatic approach. Our theory is based on a hierarchy of preference conditions called compensation independence. The behavioral assumption underlying the preference conditions are the psychological compensation of human beings. I flesh out an axiomatic system for general models of satiation and habit formation, which contains many functional forms in the literature as special cases. Moreover, I advance the axiomatization to accommodate the linear representations of satiation and habit formation that are prevailing in the literature. This paper contributes to the birth of a new generation of the behavioral foundation for modeling satiation and habit formation, which might improve on the current state of the art in understanding people’s tastes over time and preferences. Theoretically, this study contributes to the vein of time-nonseparable preferences.

关键词axiomatization habituation psychological compensation satiation time preference
DOI10.3390/math11030542
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收录类别SCIE
语种英语English
WOS研究方向Mathematics
WOS类目Mathematics
WOS记录号WOS:000930360600001
Scopus入藏号2-s2.0-85147862181
引用统计
被引频次:1[WOS]   [WOS记录]     [WOS相关记录]
文献类型期刊论文
条目标识符https://repository.uic.edu.cn/handle/39GCC9TT/10272
专题工商管理学院
通讯作者Chai, Junyi
作者单位
1.Faculty of Business and Management,BNU-HKBU United International College,Zhuhai,519087,China
2.Department of Operations,Innovation,and Data Sciences,ESADE Business School,Barcelona,08172,Spain
3.Institute of Social and Economic Research,Osaka University,Osaka,5650871,Japan
第一作者单位北师香港浸会大学
通讯作者单位北师香港浸会大学
推荐引用方式
GB/T 7714
Chai, Junyi. A Behavioral Foundation of Satiation and Habituation[J]. Mathematics, 2023, 11(3).
APA Chai, Junyi. (2023). A Behavioral Foundation of Satiation and Habituation. Mathematics, 11(3).
MLA Chai, Junyi."A Behavioral Foundation of Satiation and Habituation". Mathematics 11.3(2023).
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