Consumer choice and revealed bounded rationality

We study two boundedly rational procedures in consumer behavior. We show that these procedures can be detected by conditions on observable demand data of the same type as standard revealed preference axioms. This provides the basis for a non-parametric analysis of boundedly rational consumer behavior mirroring the classical one for utility maximization.

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Year of publication:	2006
Authors:	Manzini, Paola ; Mariotti, Marco
Publisher:	London : Queen Mary University of London, Department of Economics
Subject:	Konsumentenverhalten \| BeschrÃƒÂ¤nkte RationalitÃƒÂ¤t \| Offenbarte PrÃƒÂ¤ferenzen \| Theorie \| Bounded rationality, Revealed preference, Consumer choice

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Series:	Working Paper ; 571
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	517656469 [GVK] hdl:10419/62828 [Handle]
Classification:	D1 - Household Behavior and Family Economics ; D11 - Consumer Economics: Theory
Source:	EconStor

Persistent link: https://www.econbiz.de/10010284127