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Interval Perception of Information and Consumer Behavior: Methodological Aspects

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  • D. Davydov

Abstract

The article stresses the difference between objective presence and subjective perception of information by economic agents. The author considers some psycho-physiological aspects of information perception which are directly connected with the processes of economic decision-making. The article also discusses theoretical problems of modeling the perception of information about prices and quantities of goods and services on the part of consumers. Interval approach for uncertainty description is offered, the general consumer choice problem in case of interval uncertainty is formulated, and some practical issues in market price formation, the role of savings and macroeconomic equilibrium are discussed.

Suggested Citation

  • D. Davydov, 2007. "Interval Perception of Information and Consumer Behavior: Methodological Aspects," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 12.
    • Handle: RePEc:nos:voprec:y:2007:id:1682
    DOI: 10.32609/0042-8736-2007-12-60-70
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