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Analysis of the consumption pattern from the perspective of behavioral economics in the framework of Islamic principles
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Seyedreza Hussaini1   , Masuod Davoodipur2 |
1- Faculty member, Research institute of the field and university
2- Doctoral student, Research institute of the field and university , mdavoodipoor@rihu.ac.ir |
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Abstract: (155 Views) |
The pattern of consumption in conventional economy is drawn based on simplified principles such as worldly self-interest with material components and individual desirability. Behavioral economics, as a new approach in the field of economic behavior analysis, considers this approach unrealistic. With the aim of analyzing the behavioral approach to the consumption pattern in the framework of Islamic principles, this article answers the question, what are the most important capacities of behavioral studies in presenting the consumption pattern based on Islamic teachings? In the conducted studies of behavioral economics to explain why and how the pattern of consumption of components such as; It considers limited rationality, limited self-restraint and the absence of complete information, social norms, value beliefs and following past habits to better analyze and predict the reality of consumer behavior. Telangar theory is responsible for the architecture of consumer choice with the method of transforming the decision-making environment with a guardianship approach by recognizing the interests and interests of individuals and society. Based on the findings of this research, the introduction of Islamic economic teachings into the consumption pattern of behavioral economy includes things such as; Maximization of material, spiritual and hereafter benefits, belief in Islamic essentials and duties, self-restraint in both physical and spiritual dimensions, proof of moral virtues and negation of moral vices, and the necessity of information recommended by religion in consumer choice are the behavioral components of the decision-making environment based on Islamic principles. They complete and provide the basis for creating a flip. |
Article number: 4 |
| Keywords: consumption pattern, behavioral economy, Islamic economy, Nudge, paternalism. |
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Full-Text [PDF 869 kb]
(48 Downloads)
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Article type: Research |
Subject:
Special
Received: 2024/02/7 | Accepted: 2024/05/25 | Published: 2025/02/28
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