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A rationalization of the weak axiom of revealed preference
Aguiar, Victor H.; Hjertstrand, Per; Serrano, Roberto - 2022
maker (multiple rationales without preference reversals that allow for transitivity violations). Basic consumer theory and …
Persistent link: https://www.econbiz.de/10014278348
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A Rationalization of the Weak Axiom of Revealed Preference
Aguiar, Victor - 2020
which each pairwise choice is associated with a local utility function. We develop its associated revealed-preference theory …
Persistent link: https://www.econbiz.de/10012840827
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The theory of weak revealed preference
Aguiar, Victor H.; Hjertstrand, Per; Serrano, Roberto - 2019 - This version: June 2019
-preference theory. We show that preference recoverability and welfare analysis à la Varian (1982) may not be informative enough, when …
Persistent link: https://www.econbiz.de/10012028854
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Slutsky matrix norms and revealed preference tests of consumer behaviour
Aguiar, Victor H.; Serrano, Roberto - 2015 - This version: January 2015
underlying Slutsky matrix norm (SMN) and some popular discrete revealed preference (RP) measures of departures from rationality …, such as the Afriat index. We show that testing rationality in the SMN aproach with finite data is equivalent to testing it … under the RP approach. We propose a way to "summarize" the departures from rationality in a systematic fashion in finite …
Persistent link: https://www.econbiz.de/10010472595
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Cardinal revealed preference, price-dependent utility, and consistent binary choice
Aguiar, Victor H.; Serrano, Roberto - 2018 - This version: January 2018
theory environments with finite data. We propose a new behavioral axiom, Acyclic Enticement (AE), that requires the …
Persistent link: https://www.econbiz.de/10011781679
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Classifying bounded rationality in limited data sets : a Slutsky matrix approach
Aguiar, Victor H.; Serrano, Roberto - In: SERIEs : Journal of the Spanish Economic Association 9 (2018) 4, pp. 389-421
Persistent link: https://www.econbiz.de/10011967450
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A rationalization of the weak axiom of revealed preference
Aguiar, Victor H.; Hjertstrand, Per; Serrano, Roberto - 2020 - This version: February 2020
which each pairwise choice is associated with a local utility function. We develop its associated revealed-preference theory …
Persistent link: https://www.econbiz.de/10012167475
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Revealed Preference Tests for Weak Separability : An Integer Programming Approach
Cherchye, L. - 2011
We focus on the revealed preference conditions that characterize the collection of finite data sets that are consistent with the maximization of a weakly separable utility function. From a theoretical perspective, we show that verifying these revealed preference conditions is a difficult...
Persistent link: https://www.econbiz.de/10013118211
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Stochastic Revealed Preferences with Measurement Error : Testing for Exponential Discounting in Survey Data
Aguiar, Victor - 2017
Measurement error causes a loss of distributional information, preventing the researcher from applying the deterministic revealed-preference tools at the individual level. This paper proposes a new statistical revealed-preference framework that is applicable to such cases. We use our framework...
Persistent link: https://www.econbiz.de/10012956271
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Stochastic Revealed Preferences with Measurement Error : Testing for Exponential Discounting in Survey Data
Aguiar, Victor - 2017
Measurement error causes a loss of distributional information, preventing the researcher from applying deterministic revealed-preference tools at the individual level. This paper proposes a new statistical revealed-preference framework that is applicable to such cases. We use our framework to...
Persistent link: https://www.econbiz.de/10012945881