Individual choices are often inconsistent with economic theories, which has motivated a variety of ways to measure how far choices are from a given theory. Recent work has investigated the correlation between measures of rationality and observable information such as education or income. This...

When checking revealed preference conditions on experimental or field data, a commonly reported measure of choice consistency is a function of the largest number of rationalizable choices. While there are known methods to compute the largest number of rationalizable choices for the standard...

Experimental work regularly finds that individual choices are not rationalized. Nonetheless, recent work shows that data collected from many individuals can be stochastically rationalized by a distribution of well-defined preferences. We study the relationship between deterministic and...