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The Consumer's Reservation Price as an Adaptive Aspiration Level.

Sebastian van Baal1,2

  • 1Faculty of Economics, CBS International Business School, Bahnstrasse 6-8, 50996 Cologne, Germany.

Behavioral Sciences (Basel, Switzerland)
|March 28, 2026
PubMed
Summary

Consumers

Keywords:
aspiration levelbehavioral economicsbounded rationalityconsumer behaviorreservation pricesatisficingsearch theory

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