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Decision Strategy and Structure in Households: A “Groups” Perspective

Author

Listed:
  • Wiktor Adamowicz
  • Michel Hanemann
  • Joffre Swait
  • Reed Johnson
  • David Layton
  • Michel Regenwetter
  • Torsten Reimer
  • Robert Sorkin

Abstract

From a practical perspective, (arguably) most consumer decisions are not made in isolation of the households in which consumers are inserted, yet we commonly treat them econometrically as if they were. The purpose of this workshop was to take some initial steps in defining needed research in household decision making that structurally accounts for goal sharing, utility interdependence, taste heterogeneity, choice set formation, power structures, group size and composition, and so forth. We also considered conditions under which aggregation of tastes, utility and choices might occur and make sense from both behavioral and modeling perspectives. Copyright Springer Science + Business Media, Inc. 2005

Suggested Citation

  • Wiktor Adamowicz & Michel Hanemann & Joffre Swait & Reed Johnson & David Layton & Michel Regenwetter & Torsten Reimer & Robert Sorkin, 2005. "Decision Strategy and Structure in Households: A “Groups” Perspective," Marketing Letters, Springer, vol. 16(3), pages 387-399, December.
    • Handle: RePEc:kap:mktlet:v:16:y:2005:i:3:p:387-399
    DOI: 10.1007/s11002-005-5900-6
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    References listed on IDEAS

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    2. Rungie, Cam & Scarpa, Riccardo & Thiene, Mara, 2014. "The influence of individuals in forming collective household preferences for water quality," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 161-174.
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    5. Vij, Akshay, 2013. "Incorporating the Influence of Latent Modal Preferences in Travel Demand Models," University of California Transportation Center, Working Papers qt7ng2z24q, University of California Transportation Center.
    6. Nesha Beharry-Borg & David Hensher & Riccardo Scarpa, 2009. "An Analytical Framework for Joint vs Separate Decisions by Couples in Choice Experiments: The Case of Coastal Water Quality in Tobago," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(1), pages 95-117, May.
    7. Mariel, Petr & Scarpa, Riccardo & Vega-Bayo, Ainhoa, 2018. "Joint parental school choice: Exploring the influence of individual preferences of husbands and wives," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 23-35.
    8. Mingyung Kim & Eric T. Bradlow & Raghuram Iyengar, 2022. "Selecting Data Granularity and Model Specification Using the Scaled Power Likelihood with Multiple Weights," Marketing Science, INFORMS, vol. 41(4), pages 848-866, July.
    9. Vij, Akshay, 2013. "Incorporating the Influence of Latent Modal Preferences in Travel Demand Models," University of California Transportation Center, Working Papers qt7nq9p0cv, University of California Transportation Center.
    10. Boris Maciejovsky & David V. Budescu, 2020. "Too Much Trust in Group Decisions: Uncovering Hidden Profiles by Groups and Markets," Organization Science, INFORMS, vol. 31(6), pages 1497-1514, November.
    11. Martina Menon & Federico Perali & Marcella Veronesi, 2014. "Recovering Individual Preferences for Non-Market Goods: A Collective Travel-Cost Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 96(2), pages 438-457.
    12. Ding, Huihui & Pivato, Marcus, 2021. "Deliberation and epistemic democracy," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 138-167.
    13. Torsten Reimer & Ulrich Hoffrage, 2006. "The Ecological Rationality of Simple Group Heuristics: Effects of Group Member Strategies on Decision Accuracy," Theory and Decision, Springer, vol. 60(4), pages 403-438, June.
    14. Vikki O’Neill & Stephane Hess, 2014. "Heterogeneity assumptions in the specification of bargaining models: a study of household level trade-offs between commuting time and salary," Transportation, Springer, vol. 41(4), pages 745-763, July.

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