We present a tractable generalization of quantal response equilibrium via non-expected utility preferences. In particular, we introduce concave perturbed utility games in which an individual has strategy-specific utility indices that depend on the outcome of the game and an additively separable...

Experiments on revealed preference often use budget sets that are randomly and independently drawn according to some criteria for each participant. However, this means that the budget sets faced by different individuals are not the same. This paper proposes a method to control for these...

Applied research often tolerates misspecification in order to reach informative conclusions. We focus on how the degree of misspecification varies with the level of aggregation of data for quasilinear utility models. We present aggregation results formalizing that the model cannot get worse when...

Using a revealed preference approach, we conduct an experiment where subjects make choices from linear convex budgets in the domain of risk. We find that many individuals prefer mixtures of lotteries in ways that systematically rule out expected utility behavior. We explore the extent to which...

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...

This note studies necessary and sufficient conditions for consumer demand data to be generated by a symmetric utility function. We find that a dataset of prices and consumption decisions can be rationalized by a symmetric utility function if and only if the symmetrized dataset satisfies the...

We provide revealed preference characterizations for choices made under various forms of costly information acquisition. We examine nonseparable, multiplicative, and constrained costly information acquisition. In particular, this allows the possibility of unknown time delay for acquiring...

Research estimating market supply often focuses on parametric models. In this paper, we study a non-parametric approach to market supply. We characterize the necessary and sufficient conditions of profit maximization for aggregate market behavior when participants on the supply side vary and...

This paper studies when stochastic choices are consistent with behavior from Bayesian expected utility maximization and information acquisition. This is a limited dataset since other characterization require state-dependent stochastic choice data. The conditions that characterize this behavior...

This note studies whether any set of finitely supported mixed strategies can be represented as the unique Nash equilibrium of a game. This note shows that if strategy spaces are metric spaces containing infinitely many points, then any set of finitely supported mixed strategies can be...