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Revealed preference is the dominant approach for inferring preferences, but it relies on discrete, stochastic choices. The choice process also produces response times (RTs) which are continuous and can often be observed in the absence of informative choice outcomes. Moreover, there is a...
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The Revealed Preferences Theory (RPT) was developed with the goal of liberating Economic Theory from criticism that came from its origin tied to Utilitarianism. The purpose was to establish the foundations of Economic Theory only in facts, with philosophical neutrality to all human action...
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We propose a method to recover homothetic preferences from choice data with minor optimization or measurement errors. Our method allows for a more detailed graphical analysis to reveal subjects' preferences and to choose appropriate functional forms for parametric analysis. It can also be used...
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decision-making unit, thus assuming that a family maximizes a single utility function, even if the family consists of different …
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