Customized dynamic pricing when customers develop a habit or satiation
We study a dynamic pricing problem in which a firm chooses prices over multiple periods
when consumers are state dependent; that is, they develop a habit or satiation from their …
when consumers are state dependent; that is, they develop a habit or satiation from their …
Influence of satiation on consumer behavior in hospitality
I Becerril‐Castrillejo… - Psychology & …, 2022 - Wiley Online Library
This study aims to contrast the nonlinear moderating effect of satiation—an emotional
variable with proven influence over different consumer behaviors—on consumers' …
variable with proven influence over different consumer behaviors—on consumers' …
The Price of Fairness of Scheduling a Scarce Resource
S Vardi, W Haskell - Operations Research, 2024 - pubsonline.informs.org
Scarce resources are often shared between different stakeholders and need to be
scheduled fairly among them. In this paper, we study the utility loss resulting from requiring …
scheduled fairly among them. In this paper, we study the utility loss resulting from requiring …
[PDF][PDF] Intertemporal spillovers in consumer experiences: Empirical evidence and service design implications
In consumer experiences, the consumption of activities may impact the evaluation of future
ones, either positively (due to assimilation) or negatively (due to contrast). How salient are …
ones, either positively (due to assimilation) or negatively (due to contrast). How salient are …
Group Risky Choice and Resource Allocation Under Social Comparison Effects
In a decision-making problem where a group must select an action from risky lotteries to
receive a payoff that needs to be distributed among the group members, the group's external …
receive a payoff that needs to be distributed among the group members, the group's external …
Optimal discounting
J Noor, N Takeoka - Econometrica, 2022 - Wiley Online Library
The agent is modeled as a current self that optimally incurs a cognitive cost of empathizing
with future selves. The model unifies well‐known experimental and empirical findings in …
with future selves. The model unifies well‐known experimental and empirical findings in …
The legacy of Peter Fishburn: Foundational work and lasting impact
Peter Fishburn has had a tremendous impact on the field of decision analysis, developing
ideas that would come to be foundational across decision analysis and that would impact …
ideas that would come to be foundational across decision analysis and that would impact …
[PDF][PDF] Present-Bias and the Value of Sophistication
This paper develops a dynamic wealth management model for risk-averse investors
displaying present-bias in the form of hyperbolic discounting. The investor chooses an …
displaying present-bias in the form of hyperbolic discounting. The investor chooses an …
Present-Bias and the Value of Sophistication
This paper develops a dynamic wealth management model for risk-averse investors
displaying present-bias in the form of hyperbolic discounting. The investor chooses an …
displaying present-bias in the form of hyperbolic discounting. The investor chooses an …
Optimal Design and Pricing of Sequenced Bundles in the Presence of Satiation
Problem definition: Sequencing of consumption has significant implications for enjoyment of
experiential goods and derived ex-post utility due to psychological and physiological effects …
experiential goods and derived ex-post utility due to psychological and physiological effects …