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Journal of Economics and Behavioral Studies Vol. 7, No. 2, pp. 183191, April 2015 (ISSN: 22206140)The Rational and Irrational Factors Underlying Property Buying Behavior Njo Anastasia, Aileen Liana.

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Irrational behaviour happens when people make choices and decisions that go against the assumption of rational utility-maximising behaviour. Irrational behavior refers to actions or decisions that are not based on reason or sound judgment.

Irrationality is cognition, thinking, talking, or acting without inclusion of rationality. It is more specifically described as an action or opinion given through inadequate use of reason, or through emotional distress or cognitive deficiency.

If rational consumption is a lower-level consumption that uses economic criteria to make purchase decisions, then irrational consumption is a higher-level consumption. The influence of merchants' marketing strategy on consumers' irrational consumption behavior occupies an important position.

Summary: The irrational consumer refers to situations in which consumers' actual behaviors don't match the rational approach to decision making.

Irrational decision-making describes choices that do not yield economically successful results. Examples of irrational behaviors include investing in a business that does not make returns and spending more money than one earns.

Rational thinking is defined as thinking that is consistent with known facts. Irrational thinking is thinking that is inconsistent with (or unsupported by) known facts.

Consumers and shoppers are purposeful and will more likely act consistently with their underlying preferences and motivations. This is what makes consumers neatly or broadly rational. Rationality does not assume consumers are conscious of their preferences, motives and decision processes.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232