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The book touches lightly upon advertising and how it can affect demand: http://www.core-econ.org/the-economy/book/text/07.html#711-product-selection-innovation
by achou 9y ago
The book touches lightly upon advertising and how it can affect demand:
http://www.core-econ.org/the-economy/book/text/07.html#711-product-selection-innovation-and-advertising http://www.core-econ.org/the-economy/book/text/07.html#711-p...
This strikes me as a very important subject, one that I heard little about in my (limited) economics courses. Anyone know of good references to how economics treats the ability of firms to affect demand?
Nearly every company has a marketing department. Some of the largest companies on the planet make all their money from other firms' desire to influence demand.
Is there any work at the intersection of evolutionary psychology, economics, and advertising?
- roymurdock 9y agoYou're entering the world of behavioral economics and heuristics, championed most extensively by Kahneman and Tversky. Here's an overview: https://www.behavioraleconomics.com/introduction-behavioral-economics/ https://www.behavioraleconomics.com/introduction-behavioral-...