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Comments on: Why do people form habits? http://www.tvhe.co.nz/2012/07/05/why-do-people-form-habits/ The Visible Hand in Economics Mon, 09 Jul 2012 01:00:23 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2012/07/05/why-do-people-form-habits/#comment-38724 Mon, 09 Jul 2012 01:00:23 +0000 http://www.tvhe.co.nz/?p=7116#comment-38724 In reply to Owen.

“I tend to view habits as either a physical dependence (coffee) or as a a means of avoiding making choices due to the high ‘cost’ of making choices, in the same vein as stereotypes help us by avoiding the high cost of collecting the full set of information about someone. “

Indeed, I think that’s the way we’ve been viewing them in this series as well – the discussion has been around how to conceptualise the way people may use this mechanism.

It’s never too late to join the fun, the only issue might be that if we’ve gotten busy we might forget to reply 🙂

]]> By: Owen http://www.tvhe.co.nz/2012/07/05/why-do-people-form-habits/#comment-38719 Sun, 08 Jul 2012 23:58:18 +0000 http://www.tvhe.co.nz/?p=7116#comment-38719 And now I see I have come into this late and will read all the other stuff written!

]]> By: Owen http://www.tvhe.co.nz/2012/07/05/why-do-people-form-habits/#comment-38717 Sun, 08 Jul 2012 23:47:20 +0000 http://www.tvhe.co.nz/?p=7116#comment-38717 When you say: “you want to consume more of something than you did yesterday, and consuming less than yesterday will make you less happy” do you mean Y (yesterday) = x and then T (today) = x+n or simply that T = one additional unit and that is greater than the sum of all past units? Because I enjoy a coffee (or two) a day and not an ever increasing amount of coffee.

I tend to view habits as either a physical dependence (coffee) or as a a means of avoiding making choices due to the high ‘cost’ of making choices, in the same vein as stereotypes help us by avoiding the high cost of collecting the full set of information about someone. 
 

]]> By: Clarifying my question on habits » TVHE http://www.tvhe.co.nz/2012/07/05/why-do-people-form-habits/#comment-38664 Fri, 06 Jul 2012 00:43:39 +0000 http://www.tvhe.co.nz/?p=7116#comment-38664 […] 6, 2012 I was glad that James discussed a bunch of the literature that uses habits and habit persistence yesterday.  I have run into the idea of habit persistence […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2012/07/05/why-do-people-form-habits/#comment-38622 Thu, 05 Jul 2012 00:03:06 +0000 http://www.tvhe.co.nz/?p=7116#comment-38622 In reply to jamesz.

I hope you write it up now, so I can read it prior to it going up on Monday 🙂

]]> By: jamesz http://www.tvhe.co.nz/2012/07/05/why-do-people-form-habits/#comment-38621 Wed, 04 Jul 2012 23:13:19 +0000 http://www.tvhe.co.nz/?p=7116#comment-38621 In reply to Matt Nolan.

I’m looking forward to it, even though I’ve already read it and formulated a reply to your reply 😉

]]> By: Matt Nolan http://www.tvhe.co.nz/2012/07/05/why-do-people-form-habits/#comment-38620 Wed, 04 Jul 2012 22:54:37 +0000 http://www.tvhe.co.nz/?p=7116#comment-38620 Very good.  As you already know, I respond tomorrow 😉

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