Johnny Ch Lok

How To Apply Behavorial Economic Method To Johnny Ch Lok

Behavioral economists believe it has link between confidence and economic decisions to cause consumers to choose spending, if the consumer has confidence to believe the product is worth to use, then who will accept to buy the product to use. Concentrated on the conceptualization of confidence and its role in mode in theories of consumption. It also concerns on whether the confidence indicators contain any information beyond economic fundamentals. The concern is whether confidence can be explained by current and past value of variables, such as income, unemployment, inflation or consumption or in other way. Whether confidence measures have any statistical significance in predicting economic outcomes once information from the above variables is used. Economic variable factor will also influence consumer confidence to decide consumption spending, e.g. real consumption expenditures ( income, wealth or interest rate). Finally, it will identify under which circumstances confidence indicates can be a good predictor of household consumption. Hence, survey is one good measurement method to predict whether how much every household has confidence to spend to consume the brand of products to use. Why is survey a good confidence consumption measurement prediction to every household in every country?The reasons include survey can gather every household consumption habit history data to evaluate whether every survey person has how much confidence to consume the brand of products. Which in most cases correspond to periods where there are large changes in household survey indicators, liking during financial crises or geopolitical tensions to measure or predict whether the country's future good or bad economic condition factor will influence every household consumption desire in the year. This modelling approach assumes that there is a certain ( unknown) in confidence index changes beyond which confidence starts impacting consumption behaviors. So, sample household surveys can show the contribution of confidence in explaining consumption expenditures increases when household survey indicators feature large changes. So that confidence indicators can have some increasing predictive power during the survey investigation period in the year. Other view point, surveys have been concerned on whether the confidence indicators contain any information beyond economic fundaments. The concern is whether confidence can be explained by current and past values of variables, such as income, unemployment, inflation or consumption or the other way. Whether confidence measures have any statistical significance in predicting economic outcomes once information from different external variable factors to influence the survey household group. I shall explain that why it has relationship between the video game student consumer individual learning time and the working people individual working time both can influence video game playing consumer individual video game choice behavior. I shall assume that the different kinds of video game content difficult or easy win competition and entertainment spending on playing time factor will have more influence how the student or working person individual choice of what kind of video game purchase. Otherwise, every video game price and brand and video game entertainment design content will have less influence to every video game consumer individual purchase choice.