Revealed preference and indifferent selection

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Revealed preference and indifferent selection

It is shown that preferences can be constructed from observed choice behavior in a way that is robust to indifferent selection (i.e., the agent is indifferent between two alternatives but, nevertheless, is only observed selecting one of them). More precisely, a suggestion by Savage (1954) to reveal indifferent selection by considering small monetary perturbations of alternatives is formalized a...

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ژورنال

عنوان ژورنال: Mathematical Social Sciences

سال: 2008

ISSN: 0165-4896

DOI: 10.1016/j.mathsocsci.2006.12.005