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@article{ART001580279},
author={Jung, Oh Hyun and Ko, Dong Wan},
title={The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island},
journal={Journal of Tourism Sciences},
issn={1226-0533},
year={2011},
volume={35},
number={7},
pages={31-50}

TY - JOUR
AU - Jung, Oh Hyun
AU - Ko, Dong Wan
TI - The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island
JO - Journal of Tourism Sciences
PY - 2011
VL - 35
IS - 7
PB - The Tourism Sciences Society Of Korea
SP - 31
EP - 50
SN - 1226-0533
AB - The rationality of tourists' expenditure decision making has been a controversy in the field of tourism and behavioral economics. Using a sample of tourists visiting Jeju island, this study examined whether tourists' expenditure decision making is rational or irrational. Particularly, this study separately examined each of the three different types of the tourists' consumption expenditures: food and beverage, transportation and lodging, and cultural and entertainment. Date were conveniently collected from 150 tourists of Jeju island at a rental car shop on June 2011. In order to test the rationality of the tourists's expenditure, the respondents were asked about their expected and real expenditure on the three different types of expenditure before they rented a car and when they returned the car. Results showed that tourists consumption expenditure decision making could be characterized by both rationality and irrationality. Overall, the tourists were likely to spend their expenditure rationally. However, in terms of the entertainment & shopping items, the respondents were likely to spend their expenditure irrationally.
KW - Tourists consumption expenditure;Rationality of decision making;Rationality of economics;Irrationality of behavioral economics
DO -
UR -
ER -

Jung, Oh Hyun and Ko, Dong Wan. (2011). The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island. Journal of Tourism Sciences, 35(7), 31-50.

Jung, Oh Hyun and Ko, Dong Wan. 2011, "The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island", Journal of Tourism Sciences, vol.35, no.7 pp.31-50.

Jung, Oh Hyun, Ko, Dong Wan "The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island" Journal of Tourism Sciences 35.7 pp.31-50 (2011) : 31.

Jung, Oh Hyun, Ko, Dong Wan. The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island. 2011; 35(7), 31-50.

Jung, Oh Hyun and Ko, Dong Wan. "The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island" Journal of Tourism Sciences 35, no.7 (2011) : 31-50.

Jung, Oh Hyun; Ko, Dong Wan. The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island. Journal of Tourism Sciences, 35(7), 31-50.

Jung, Oh Hyun; Ko, Dong Wan. The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island. Journal of Tourism Sciences. 2011; 35(7) 31-50.

Jung, Oh Hyun, Ko, Dong Wan. The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island. 2011; 35(7), 31-50.

Jung, Oh Hyun and Ko, Dong Wan. "The Rationality of Tourists Consumption Expenditure Decision Making: A Sample of Tourists Visiting Jeju Island" Journal of Tourism Sciences 35, no.7 (2011) : 31-50.