Johnny Ch Lok

Behavioral Economic Method Predicts Consumer And Johnny Ch Lok

What is a confidence indicator ?A confidence indicator is considered as an explanatory variable for consumption together with standard variables used on predicting consumption expenditure. However, the natural real personal consumption expenditure is unexpected and unpredicted easily. In conclusion, consumption expenditure depends the consumer individual confidence. If the consumer has much confidence to feel this year economic change will be better and he/she is easily to find job, then he/she will accept consumption easily in this year. It seems financial wealth and unemployment etc. economic factors will influence every household consumption desire. So, survey is one kind of good psychological consumption prediction method to predict consumption spending for any country in the year. I recommend manufacturers may choose to apply survey method to attempt to enquire sample survey people to gather data to predict whether what degree of consumption desire to them and find solution methods to solve low degree of consumption desire challenge. How to apply behavioral economy methods to influence employee individual psychology to achieve raise productivity of long term incentive intention?