Narrow search
Showing 1 - 10 of 641,050
Cover Image
A generalized unification theorem for choice theoretic foundations : avoiding the necessity of pairs and triplets
He, Junnan - 2012
observability. -- Revealed preference theory ; rationality ; preference ; choice functions …This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in …
Persistent link: https://www.econbiz.de/10009528925
Cover Image
Choice, Rationality and Welfare Measurement
Green, Jerry; Hojman, Daniel - 2007
economic theory of revealed preference, our method can be used whether or not the observed choices are rational. Paralleling … the standard theory we present a model for choice such that the observations arise "as if" they were the result of a …. As in revealed preference theory, these simultaneously held preferences are inferred from the choice data and we use them …
Persistent link: https://www.econbiz.de/10014222674
Cover Image
The swaps index for consumer choice
Lu, Mia; Netzer, Nick - 2022
We extend the swaps index of rationality, introduced by Apesteguia and Ballester (2015) for a finite set of …
Persistent link: https://www.econbiz.de/10013440072
Cover Image
Rationalization
Cherepavov, Vadim; Feddersen, Timothy J.; Sandroni, Alvaro - In: Theoretical economics : TE ; an open access journal in … 8 (2013) 3, pp. 775-800
In 1908 the Welsh neurologist and psychoanlayst Ernest Jones described human beings as rationalizers whose behavior is governed by "the necessity of providing an explanation." We construct a formal and testable model of rationalization in which a decision maker selects her preferred alternative...
Persistent link: https://www.econbiz.de/10011685156
Cover Image
Preferences under ignorance
Gossner, Olivier; Kuzmics, Christoph - 2015
A decision maker (DM) makes choices from different sets of alternatives. The DM is initially fully ignorant of the payoff associated to each alternative, and learns these payoffs only after a large number of choices have been made. We show that, in the presence of an outside option once payoffs...
Persistent link: https://www.econbiz.de/10011344408
Cover Image
Revealed Preference Analysis for Convex Rationalizations on Nonlinear Budget Sets
Cherchye, L. - 2013
We present necessary and sufficient revealed preference conditions to verify whether a finite data set on nonlinear budget sets is consistent with the maximization of a quasi–concave utility function. Our results can be used to test for convexity of the underlying preference relation. We also...
Persistent link: https://www.econbiz.de/10013087736
Cover Image
Rationalizability of menu preferences
Tyson, Christopher J. - 2017
The class of preferences over opportunity sets ("menus") rationalizable by underlying preferences over the alternatives is characterized for the general case in which the dataset is unrestricted. In particular, both the universal set of alternatives and the domain of menus over which preferences...
Persistent link: https://www.econbiz.de/10011640206
Cover Image
Revealed preferences and spatial segregation
Busson, Henri - 2015
utility functions, this model applies the revealed preference theory. In his original paper, Turnbull established several … simple because we demonstrated that the GARP axiom used in the revealed preference theory is equivalent to a simple equation …
Persistent link: https://www.econbiz.de/10011478826
Cover Image
A Functional Approach to Revealed Preference
Freer, Mikhail - 2018
We develop a systematic, functional approach to revealed preference tests based on completing preferences. Our approach is based on the notion of sequential closure, which generalizes the notion of transitive closure. We show that revealed preference tests developed for various decision theories...
Persistent link: https://www.econbiz.de/10012909144
Cover Image
Samuelson's Approach to Revealed Preference Theory : Some Recent Advances
Demuynck, Thomas - 2019
Since Paul Samuelson introduced the theory of revealed preference, it has become one of the most important concepts in …
Persistent link: https://www.econbiz.de/10012858057