Are food choices really habitual? Integrating habits, variety seeking and compensatory choice in a utility maximizing framework

Adamowicz, W; Swait, JRJD

Are food choices really habitual? Integrating habits, variety seeking and compensatory choice in a utility maximizing framework

Adamowicz, W Swait, JRJD

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Publisher:: Oxford Journals
Publication Type:: Journal Article
Citation:: American Journal of Agricultural Economics, 2013, 95 (1), pp. 17 - 41
Issue Date:: 2013-01

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Field	Value	Language
dc.contributor.author	Adamowicz, W	en_US
dc.contributor.author	Swait, JRJD	en_US
dc.date.issued	2013-01	en_US
dc.identifier.citation	American Journal of Agricultural Economics, 2013, 95 (1), pp. 17 - 41	en_US
dc.identifier.issn	0002-9092	en_US
dc.identifier.uri	http://hdl.handle.net/10453/27936
dc.description.abstract	Given the large number of food choices that consumers make each day it seems likely that they will adopt decision strategies that minimize cognitive effort. We develop a conceptual and empirical model of habitual choice, and the factors that result in transitions to two strategies other than habitual selection: utility maximizing choice and a variety seeking strategy. Our approach provides an alternative to traditional state dependence methods used in this type of panel data. We apply this framework to the choice of two food products that illustrate the heterogeneity across types of products in decision strategies and routine choice patterns	en_US
dc.publisher	Oxford Journals	en_US
dc.relation.ispartof	American Journal of Agricultural Economics	en_US
dc.relation.isbasedon	10.1093/ajae/aas078	en_US
dc.subject.classification	Agricultural Economics & Policy	en_US
dc.title	Are food choices really habitual? Integrating habits, variety seeking and compensatory choice in a utility maximizing framework	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	95	en_US
utslib.for	1402 Applied Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Strength - CENSOC - Study of Choice
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.issue	1	en_US
pubs.volume	95	en_US

Abstract:

Given the large number of food choices that consumers make each day it seems likely that they will adopt decision strategies that minimize cognitive effort. We develop a conceptual and empirical model of habitual choice, and the factors that result in transitions to two strategies other than habitual selection: utility maximizing choice and a variety seeking strategy. Our approach provides an alternative to traditional state dependence methods used in this type of panel data. We apply this framework to the choice of two food products that illustrate the heterogeneity across types of products in decision strategies and routine choice patterns

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http://hdl.handle.net/10453/27936