Methods Solve Productivity And Consumption Challenges?

By Johnny C.H. Lok

Can apply behavioral economic method to predict that the consequences of a stable basic income consumer's consumption behavior? It may be significantly different than the ones are predicted by the standard economic model if more realistic assumptions of human consumption behavioral prediction success. Behavioral economic method assumes that consumer will compare whether whose benefits are more than costs after they buy the product or consume the service. I assume the consumer is only the who have stable basic income source consumer target. This stable basic income target consumers who will evaluate or feel they will earn more benefits than costs to every product in their consumption process, after they will make final decision to choose to buy the product to use or consume the service. Otherwise, if they feel they won't earn more benefits after they buy the product or consume the service in the consumption process. Then, they won't choose to buy the product to use or consume the service. In behavioral economic view point, it indicates their consumption behaviors are depend on comparing the product or the service whether it can satisfy their desire benefits and their desire benefits to the product or service must be more than their consumption cost.There are four points to apply behavioral economic method to predict each stable basic income individual income spending. They include: motivation, conspicuous consumption, social preferences and crowding theory.Each stable basic income consumer individual spending amount will be different and it is represent that every high stable basic income consumer must decide to consume any high cost services or buy high cost products to use. Although some economic teachers assume general high income people will accept to spend more expenditures for enjoyment or buy high cost of products to satisfy basic high level necessary expenditures. But, applying behavioral economic analysis, it is not absolute true, some low income people also accept to spend more to buy high cost of products or increasing spending expenditures for enjoyment for their basic necessary expenditures.The field of behavioral economic can be fined as a combination of economics and psychology that tries to capture human behavior in a more realistic. Understanding each consumer individual consumption behavior, we need to know how who does each decision to influence each consumption choice. Consequently, analysis reaches the conclusion. Every high or low level stable basic income consumer individual behavioral consumption that the microeconomic consequences of a stable basic income of individal consumer target consumption group could be efficiency enhancing, but at the same time incentives about positional concerns could lead to wasteful and inefficient spending to the stable low basic income consumer target group.⦁How to apply behavioral economic method to contribute to the stable basic income target consumer group's consumption prediction?What is basic income mean? A basic income is an income paid by a political community to all its members on an individual basis, without means test or work requirement. How to apply behavioral economic method to contribute to the basic income consumption prediction? I assume high income tax is charged to one high income tax payee, it will influence the high income tax payee individual consumption desires to be fallen, also extrinsic incentives will effort and intrinsic motivation and how the labor market change these variables under and big changes predicting, how income security changes social consumption preferences, e.g. how a big change affects the overall level of status -seeking behavior and this effect with income inequality to influence consumer individual consumption attitude or habit.

• Format: Paperback
• Language: English
• ISBN: 1097733645
• ISBN13: 9781097733644
• Release Date: January 1
• Publisher: Independently Published
• Length: 404 Pages
• Weight: 2.05 lbs.
• Dimensions: 0.8" x 8.5" x 11.0"