The DOI matches its Crossref record; 44 of the 44 references it cites were found in a registry or an index.
A Cue-Theory of Consumption
Abstract
Psychological experiments demonstrate that repeated pairings of a cue and a consumption good eventually create cue-based complementarities: the presence of the cue raises the marginal utility derived from consumption. In this paper, such dynamic preferences are embedded in a rational choice model. Behavior that arises from this model is characterized by endogenous cue sensitivities, costly cue-management, commitment, and cue-based spikes in impatience. The model is used to understand addictive/habit-forming behaviors and marketing. The model explains why preferences change rapidly from moment to moment, why temptations should sometimes be avoided, and how firms package and position goods.
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Cites
(2012) · American Economic Review · doi:10.1257/aer.102.7.i · Cited by 6,810
Time Discounting and Time Preference: A Critical Review
Frederick, S., Loewenstein, G. F., & O’Donoghue, T. (2002) · Journal of Economic Literature · doi:10.1257/002205102320161311 · Cited by 6,381
A Theory of Rational Addiction
Becker, G. S., & Murphy, K. M. (1988) · Journal of Political Economy · doi:10.1086/261558 · Cited by 3,823
Delay of gratification in children.
Mischel, W., Shoda, Y., & Rodriguez, M. L. (1989) · Science · doi:10.1126/science.2658056 · Cited by 3,397
(2024) · Pharmacological Reviews · doi:10.1124/pr · Cited by 2,664
Out of Control: Visceral Influences on Behavior
Loewenstein, G. (1996) · Organizational Behavior and Human Decision Processes · doi:10.1006/obhd.1996.0028 · Cited by 2,610
Lambert, N. M., Ketzenberger, K. E., & Kemp, C. A. (2014) · Encyclopedia of Special Education · doi:10.1002/9781118660584.ese0122 · Cited by 2,220
Self-Confidence and Personal Motivation
Benabou, R., & Tirole, J. (2002) · The Quarterly Journal of Economics · doi:10.1162/003355302760193913 · Cited by 1,539
(2017) · The SAGE Encyclopedia of Industrial and Organizational Psychology, 2nd edition · doi:10.4135/9781483386874.n283 · Cited by 1,412
Becker, G. S. (1996) · doi:10.4159/9780674020658 · Cited by 1,379
Cited by
Self-Confidence and Personal Motivation
Benabou, R., & Tirole, J. (2002) · The Quarterly Journal of Economics · doi:10.1162/003355302760193913 · Cited by 1,539
Allcott, H., & Rogers, T. (2014) · American Economic Review · doi:10.1257/aer.104.10.3003 · Cited by 1,340
Intertemporal choice – toward an integrative framework
Berns, G. S., Laibson, D., & Loewenstein, G. (2007) · Trends in Cognitive Sciences · doi:10.1016/j.tics.2007.08.011 · Cited by 580
Self-citationBaddeley, M. (2010) · Philosophical Transactions of the Royal Society B: Biological Sciences · doi:10.1098/rstb.2009.0169 · Cited by 286
MacKillop, J., Miranda, R., Monti, P. M., Ray, L. A., Murphy, J. G., Rohsenow, D. J., McGeary, J. E., Swift, R. M., Tidey, J. W., & Gwaltney, C. J. (2010) · Journal of Abnormal Psychology · doi:10.1037/a0017513 · Cited by 278
Metadata
- Authors
- Laibson, D.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2001-02-01
- Volume
- 116
- Issue
- 1
- Pages
- 81-119
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2118817169
- Cited by
- 355
- References
- 44
- FWCI
- 8.03
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.