search query: @indexterm SEARCH COSTS / total: 6
reference: 5 / 6
| Author: | Moon, P. Martin, A. |
| Title: | The search for consistency in economic search |
| Journal: | Journal of Economic Behavior and Organization
1996 : MAR, VOL. 29:2, p. 311-322 |
| Index terms: | ECONOMICS HEURISTIC METHODS SEARCH COSTS |
| Language: | eng |
| Abstract: | Previous experimental work has discovered several high performing heuristic strategies in the search for the most economic price of a good, in situations where the purchaser has partial prior knowledge of the price distribution. It appeared previously, however, that individuals do not use a given search rule consistently. This paper describes a modified experimental framework that investigates this apparent inconsistency in search behavior. results are analyzed at the individual level rather than in aggregate. |
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