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...
متن کاملRevealed Preference Theory
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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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 ...
متن کاملRevealed Preference in a Fuzzy Framework
To a fuzzy choice function C we assign the indicators of revealed preference WAFRP (C), SAFRP (C) and the indicators of congruence WFCA(C), SFCA(C). These indicators measure the degree to which the fuzzy choice function C verifies the axioms of revealed preference WAFRP , SAFRP and of congruenceWFCA and SFCA, respectively.
متن کاملFuzzy Choice Functions - A Revealed Preference Approach
As mentioned in the Introduction, it has the following goals: to develop the main topics of revealed preference theory (rationality, revealed preference, congruence, consistency) for a large class of fuzzy choice functions, to explore new topics (degree of dominance, similarity, indicators of rationality) specific to a fuzzy approach to choice functions and to show the manner in which some prob...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 1984
ISSN: 0022-0531
DOI: 10.1016/0022-0531(84)90051-6