Conspicuous Consumption and Game Theory: Difference between revisions

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===Invidious Comparison===
===Invidious Comparison===
Invidious Comparison - When a member of a higher class practices conspicuous consumption in an attempt to separate themselves from the lower classes.


===Pecuniary Emulation===
===Pecuniary Emulation===

Revision as of 03:20, 11 April 2006

Overview

Conspicuous Consumption

Thorstein Veblen

Invidious Comparison

Invidious Comparison - When a member of a higher class practices conspicuous consumption in an attempt to separate themselves from the lower classes.

Pecuniary Emulation

Arms Race

Application of Game Theory to Conspicuous Consumption