Situngkir, Hokky (2010): Landscape in the Economy of Conspicuous Consumptions. Published in: BFI Working Paper Series , Vol. WPE2, (7. May 2010)

PDF
MPRA_paper_22948.pdf Download (604kB)  Preview 
Abstract
Psychological states side by side with the bounded rational expectations among social agents contributes to the pattern of consumptions in economic system. One of the psychological states are the envy – a tendency to emulate any gaps with other agents’ properties. The evolutionary game theoretic works on conspicuous consumption are explored by growing the microview of economic agency in latticebased populations, the landscape of consumptions. The emerged macroview of multiple equilibria is shown in computational simulative demonstrations altogether with the spatial clustered agents based upon the emerged agents’ economic profiles.
Item Type:  MPRA Paper 

Original Title:  Landscape in the Economy of Conspicuous Consumptions 
Language:  English 
Keywords:  conspicuous consumption; behavioral economics; agentbased simulations 
Subjects:  D  Microeconomics > D1  Household Behavior and Family Economics > D11  Consumer Economics: Theory C  Mathematical and Quantitative Methods > C6  Mathematical Methods; Programming Models; Mathematical and Simulation Modeling > C63  Computational Techniques; Simulation Modeling D  Microeconomics > D8  Information, Knowledge, and Uncertainty > D82  Asymmetric and Private Information; Mechanism Design C  Mathematical and Quantitative Methods > C7  Game Theory and Bargaining Theory > C78  Bargaining Theory; Matching Theory B  History of Economic Thought, Methodology, and Heterodox Approaches > B4  Economic Methodology > B40  General C  Mathematical and Quantitative Methods > C0  General > C02  Mathematical Methods C  Mathematical and Quantitative Methods > C6  Mathematical Methods; Programming Models; Mathematical and Simulation Modeling > C62  Existence and Stability Conditions of Equilibrium E  Macroeconomics and Monetary Economics > E2  Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E20  General A  General Economics and Teaching > A1  General Economics > A14  Sociology of Economics 
Item ID:  22948 
Depositing User:  Hokky Situngkir 
Date Deposited:  30. May 2010 06:37 
Last Modified:  26. Feb 2013 18:09 
References:  Axelrod, R. (1997). "The Dissemination of Culture: A Model with Local Convergence and Global Polarization". The Journal of Conflict Resolution 41 (2): 20326. Sage. Chan, T. W. & Goldthorpe, J. H. (2007). "The Social Stratification of Cultural Consumption: Some Policy Implications of a Research Project". Cultural Trends 16 (4): 37384. Routledge. Friedman, D. (1998). “On Economic Applications of Evolutionary Game Theory”. Journal of Evolutionary Economics 8: 1543. SpringerVerlag. Friedman, D. & Yellin, J. (2000). “Castles in Tuscany: The Dynamics of Rank Dependent Consumption”. UC Santa Cruz Economics Working Paper No. 455. Friedman, D. & Abraham, R. (2004). “Landscape Dynamics and Conspicuous Consumption”. Paper presented at the 2004 Proceedings of the Society for Dynamic Games. URL: http://www.vismath.org/research/landscapedyn/articles/Tucson4.pdf Gilbert, N. & Terna, P. (2000). “How to build and use agentbased models in social science”. Mind & Society 1 (1): 5772. Springer. Graham, C. & Felton, A. (2006). "Inequality and Happiness: Insights from Latin America". Journal of Economic Inequality 4: 10722. Springer. Hofbauer, J. & Sigmund, K. "Evolutionary Game Dynamics". Bulletin of the American Mathematical Society 40 (4): 479519. AMS. Kahneman, D. (2003). Maps of bounded rationality: psychology for behavioral economics. The American Economic Review. 93(5). pp. 1449–1475. American Economic Association. Kirman, A., Livet, P., Teschl, M. (2010). "Rationality and Emotions". Philosophical Transactions of The Royal Society B 365: 2159. The Royal Society. Macy, M.W., & Willer, R. (2002). “From Factors to Actors: Computational Sociology and Agent Based Modeling. Annual Reviews Sociology 28: 14366. Annual Reviews. Parravano, A., RiveraRamirez, H., & Cosenza, M. G. (2006). "Intracultural Diversity in a Model of Social Dynamics". Physica A 379 (1): 2419. Elsevier. Plutchik, R. (1980). Emotion: A psychoevolutionary synthesis. Harper & Row. Situngkir, H. (2003). “Moneyscape: a generic agentbased model of corruption”. BFI Working Paper Series WPD2003. Bandung Fe Institute. Situngkir, H. (2006). “Advertising in Duopoly Market”. BFI Working Paper Series WPF2006. Bandung Fe Institute. Simon, H. (1990). “A mechanism for social selection and successful altruism”. Science 250 (4988): 16658. AAAS. Smith, J. M. (1982) Evolution and the Theory of Games. Cambridge University Press Solomon, M., Bamossy, G., Askegaard, S., & Hogg, M. K. (1999). Consumer Behavior: A European Perspective 3rd ed. Prentice Hall. Veblen, T. (1898). The Theory of the Leisure Class. Macmillan. 
URI:  http://mpra.ub.unimuenchen.de/id/eprint/22948 