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The Consumer as Homo Sapiens: On the Practical Relevance of Research On Consumer Behavior
2022
International Journal of Applied Research in Business and Management
For economics, Nobel laureate Richard H. Thaler has called for understanding humans more as homo sapiens and less as homo economicus in order to bring research closer to reality. This essay applies his critique to the study of consumer behavior and its relevance in corporate practice. The author criticizes that the findings of consumer behavior research are often too abstract and too strongly related to a specific context to derive direct practical recommendations for action from a company's
doi:10.51137/ijarbm.2022.3.1.5
fatcat:otz6lmy5fredbe7tpxmriisuhu