In the daily business of product managers, it is executive list sometimes necessary to use certain economic knowledge to analyze user behavior or market behavior. For example, preference, the user's subjective preference may affect the user's decision-making executive list path. In this article, the author shares and summarizes the economic knowledge that product managers may need to use, let's take a look. 1. Preference Economics believes that people's preferences are subjective.
Everyone has different and diverse executive list preferences. For example: in terms of color, some children are more inclined to let their parents buy yellow balloons, while some parents buy green or other color balloons; or, compared to German car brands, some groups are more inclined to choose domestic and American or Japanese-made cars. Since preferences reflect executive list people's subjective preferences, they can be extended to larger groups, such as millions, tens of millions, or even hundreds of millions.
What are their common preferences? What are their executive list individual preferences? If there was a computer with access to this information, it would be a huge database of user preferences. 2. Utility Different economic systems believe that there are executive list different views on preferences. Some people think that preferences are approximate and not quantifiable, while others think that preferences are quantifiable values. Economics calls it "utility": the value you get from a good or service.