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I model this sort of consumer as one who believes a certified good has a level of quality equal to the certification standards (the mean of f(Q) is equal to S) and believes a non-certified good has a level of quality equal to the producer's ideal (the mean of f(Q) is equal to ( widehat{Q}Big).
This not only makes the teens mad but also breaks their sensitive little hearts.Also, keep in mind that you are their most important role model so you don't want to role model this sort of behavior.
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Neither Hansen's nor Graham's model covers this sort of example.
A mathematical model to this sort of situations is the so-called Scott model which is based on ideas from order theory and topology (see [1, 2] for a detailed account of the Scott model and its applications).
To understand why economists have not abandoned rationality models for psychological models of this sort, it may be helpful to consider for a moment the class of models of individual choice that seem to be suggested by recent research in brain science and clinical pharmacology.
In many cases, the ability of the model to match moments not included in the calibration or estimation process, but drawn from the same empirical context, is also used as a test of the model.3 This sort of test represents an important starting point to ensure the benchmark model can replicate behavior observed in the data used to calibrate or estimate it.
The European and new version of the American (FV3) model support this sort of scenario.
The model for this sort of book is Thomas Mann's "Buddenbrooks," perhaps the first great novel of the 20th century.
The business model for this sort of tool is yet to be seen, but the most important thing is the sensibility underlying the tool and the way it could give researchers the power to process data with relative ease.
In a paper published in 1973 he showed how a model of this sort could be assembled and used to analyse a macroeconomic question in that case, the nature of the relationship between interest rates and expected inflation.
A procedural model of this sort allows more than one explicit function to be incorporated to describe versatile material gradations and the material composition at a given location is no longer computed by simple evaluation of an analytic function, but obtained by execution of customizable procedures.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com