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Robust Learning of Consumer Preferences

Operations Research, 2022
When companies develop new products, there are often competing designs from which to choose to take to market. How to decide? Traditional methods, such as focus groups, do not scale to the modern marketplace in which tastes evolve rapidly. In “Robust Learning of Consumer Preferences,” Feng, Caldentey, and Ryan develop a data-driven approach to ...
Yifan Feng   +2 more
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Consumer preferences and inflation diffusion

Macroeconomic Dynamics, 2023
Abstract We study how consumer preferences affect the transmission of microeconomic price shocks to consumer price index (CPI) inflation. These preferences give rise to complementarities and substitutions between goods, generating demand-driven cross-price dependencies that either amplify or mitigate the impact of price shocks.
Christian Glocker, Philipp Piribauer
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Consumer Acceptance or Consumer Preference

1952
Data drawn from studies designed to measure consumer acceptance or consumer preference are frequently misinterpreted simply because it is not clear which is being measured. It is necessary to know whether consumers can distinguish between alternatives before their preferences can be established.
Burrows, Glenn L., Burrows, Glenn L.
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Consumer Participation in Housing: Reflecting On Consumer Preferences

Australasian Psychiatry, 2010
Objective: Historically, people living with mental illness have had limited chance to participate in mental health services other than as patients. Following on from a recent review focusing on consumer participation in mental health services, this paper looks at consumer participation in housing.
Browne, Graeme, Hemsley, Martin
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Risk Aversion and Consumer Preferences

Econometrica, 1977
The first part of this article integrates the concept of (relative) risk aversion with respect to income (r) with the static analysis of demand for many commodities. Alternative representations of preferences and demand functions, using duality, give rise to many alternative representations and interpretations of r, and to theorems regarding attitudes ...
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Preference Trees, Preference Hierarchies, and Consumer Behavior

Journal of Consumer Research, 1988
n a recent article (Coursey 1985), I considered consumer behavior in a model in which preferences are described by an activity hierarchy. Using this activity hierarchy description, consumers were found to sequentially satisfy higher ranked activities in their preference ordering up to the point that their monetary and time resources were exhausted ...
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Clothing Preferences of Older Consumers

Perceptual and Motor Skills, 1998
The study focused on identifying the apparel needs of older men and women in a midwestern county. A survey technique was used to collect data on older peoples' preferences for apparel including accessories, most preferred items, identified similarity with previous apparel choices, and identification of buyer of the apparel. Descriptive statistics were
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Modelling Correlated Consumer Preferences

2014
The CUB model is a mixture distribution recently proposed in literature for modelling ordinal data. The CUB parameters may be related to explanatory variables describing the raters or the object of evaluation. Although various methodological aspects of this class of models have been investigated, the problem of multivariate ordinal data representation ...
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Consumer Preference for a No‐Choice Option

Journal of Consumer Research, 1997
The traditional focus in the decision-making literature has been on understanding how consumers choose among a given set of alternatives. The notion that preference uncertainty may lead to choice deferral when no single alternative has a decisive advantage is tested in seven studies.
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Preferences and Consumer Equilibrium

1977
Microeconomic theory tends to assume that individuals are the economic agents exercising the act of consumption, the decision to purchase goods and services. The way in which this decision is exercised is the subject matter of this chapter.
W. J. L. Ryan, D. W. Pearce
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