Showing 1 - 10 of 657
We prove that defining consumers’ preferences over budget sets is both necessary and sufficient to make every fully informative and finite set of observed consumption choices rationalizable by a collection of preferences which are transitive, complete, and monotone with respect to own...
Persistent link: https://www.econbiz.de/10008740205
the result to the definition of a solution concept (in the spirit of rationalizability) for strategic-form games. …
Persistent link: https://www.econbiz.de/10005008535
we prove that defining consumers' preferences over budget sets is both necessary and sufficient to make every fully informative and finite set of observed consumption choices rationalizable by a collection of preferences which are transitive, complete, and monotone with respect to own...
Persistent link: https://www.econbiz.de/10010570830
Persistent link: https://www.econbiz.de/10008926107
that satisfy Savage's axiom P3. The result has implications also for rationalizability in strategic games. …
Persistent link: https://www.econbiz.de/10005147345
Persistent link: https://www.econbiz.de/10009327390
We extend the result from Bossert and Sprumont (2013) that every single-valued choice function is backwards-induction rationalizable via strict preferences to the case of choice correspondences via weak preferences.
Persistent link: https://www.econbiz.de/10011117137
This paper explorers rationalizability issues for finite sets of observations of stochastic choice in the framework … weak axiom of stochastic revealed preference the existence of a solution implies rationalizability in terms of stochastic …
Persistent link: https://www.econbiz.de/10005561985
Consider a finite data set of price vectors and consumption bundles; under what conditions will there be a weakly separable utlity function that rationalizes the data?  This paper shows that rationalization in this sense is possible if and only if there exists a preference order on some finite...
Persistent link: https://www.econbiz.de/10011004216
We show that an agent maximizing some utility function on a discrete (as opposed to continuous) consumption space will obey the generalized axiom of revealed preference (GARP) so long as the agent obeys cost efficiency. Cost efficiency will hold if there is some good, outside the set of goods...
Persistent link: https://www.econbiz.de/10009647760