Landscape in the Economy of Conspicuous Consumptions

10 Pages Posted: 30 May 2010

See all articles by Hokky Situngkir

Hokky Situngkir

Bandung Fe Institute; Center for Complexity in Surya University

Date Written: May 7, 2010

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 micro-view of economic agency in lattice-based populations, the landscape of consumptions. The emerged macro-view of multiple equilibria is shown in computational simulative demonstrations altogether with the spatial clustered agents based upon the emerged agents’ economic profiles.

Keywords: conspicuous consumption, behavioral economics, agent-based simulations

Suggested Citation

Situngkir, Hokky, Landscape in the Economy of Conspicuous Consumptions (May 7, 2010). Available at SSRN: https://ssrn.com/abstract=1617210 or http://dx.doi.org/10.2139/ssrn.1617210

Hokky Situngkir (Contact Author)

Bandung Fe Institute ( email )

Sarimadu Permai 175
Bandung, Jawa Barat 40164
Indonesia
+622282025586 (Phone)

HOME PAGE: http://www.bandungfe.net

Center for Complexity in Surya University

Jl. Boulevard Gading Serpong Blok O/1
Summarecon Serpong
Tangerang, Banten 15810
Indonesia

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
63
Abstract Views
802
Rank
627,735
PlumX Metrics