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Only some shapes of the value function are thus compatible with frugal materialism, and the shape restrictions involve concepts familiar from models of decision making under risk, even though the proposed model of frugal materialism does not involve any risk. Under the additional assumption of relative risk neutrality, the demand for risky assets of a frugally materialistic consumer should exhibit well-known behavioral patterns associated with increasing risk aversion, and there is only a narrow possibility for frugal materialism to coexist with precautionary saving behavior. <\/jats:p>","DOI":"10.1287\/deca.2024.0192","type":"journal-article","created":{"date-parts":[[2024,11,14]],"date-time":"2024-11-14T15:32:00Z","timestamp":1731598320000},"page":"30-43","source":"Crossref","is-referenced-by-count":0,"title":["Satiation-Based Theory of Frugal Materialism"],"prefix":"10.1287","volume":"22","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-8388-247X","authenticated-orcid":false,"given":"Robert","family":"Zeithammer","sequence":"first","affiliation":[{"name":"Anderson School of Management, University of California, Los Angeles, Los Angeles, California 90095"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"109","reference":[{"key":"B1","doi-asserted-by":"publisher","DOI":"10.1287\/mksc.10.3.185"},{"key":"B2","doi-asserted-by":"publisher","DOI":"10.1287\/mksc.1080.0466"},{"volume-title":"Essays of the Theory of Risk Bearing.","year":"1965","author":"Arrow K","key":"B3"},{"key":"B4","doi-asserted-by":"publisher","DOI":"10.2307\/1913298"},{"key":"B5","doi-asserted-by":"publisher","DOI":"10.1093\/jcr\/ucx050"},{"key":"B36","doi-asserted-by":"crossref","unstructured":"Berger D, Vavra J (2015) Consumption dynamics during recessions. 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