منابع مشابه
General revealed preference theory
We provide general conditions under which an economic theory has a universal axiomatization: one that leads to testable implications. Roughly speaking, if we obtain a universal axiomatization when we assume that unobservable parameters (such as preferences) are observable, then we can obtain a universal axiomatization purely on observables. The result “explains” classical revealed preference th...
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Pioneered by American economist Paul Samuelson, revealed preference theory is based on the idea that the preferences of consumers are revealed in their purchasing behavior. Researchers in this field have developed complex and sophisticated mathematical models to capture the preferences that are “revealed” through consumer choice behavior. This study of consumer demand and behavior is closely ti...
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The analysis of extensive-form games involves assumptions concerning players’ beliefs at histories off the predicted path of play. However, the revealed-preference interpretation of such assumptions is unclear: how does one elicit probabilities conditional upon events that have zero ex-ante probability? This paper addresses this issue by proposing and axiomatizing a novel choice criterion for a...
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I characterize joint choice behavior generated by the pure strategy Nash equilibrium solution concept by an extension of the Congruence Axiom of Richter(1966) to multiple agents. At the same time, I relax the “complete domain” assumption of Yanovskaya(1980) and Sprumont(2000) to “closed domain.” Without any restrictions on the domain of the choice correspondence, determining pure strategy Nash ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2021
ISSN: 1556-5068
DOI: 10.2139/ssrn.3776049