Samuelson's Approach to Revealed Preference Theory: Some Recent Advances
نویسندگان
چکیده
منابع مشابه
A Comprehensive Approach to Revealed Preference Theory∗
We develop a version of Afriat’s Theorem that is applicable to a variety of choice environments, beyond the setting of classical consumer theory. This allows us to devise tests for rationalizability in the context of choice data on lotteries, contingent consumption, and intertemporal consumption. We also establish a version of Richter’s Theorem that characterizes the strict rationalizability of...
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Several fuzzy connectives, including those proposed by Lotfi Zadeh, can be seen as linear extensions of the Boolean connectives from the scale ${0,1}$ into the scale $[0,1]$. We discuss these extensions, in particular, we focus on the dualities arising from the Boolean dualities. These dualities allow to transfer the results from some particular class of extended Boolean functions, e.g., from c...
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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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Quite oddly, it is extremely seldom in the literature for economists to concern with the critical investigation to revealed preference theory during its seventy-five years history since 1938 when Samuelson first proposed it, so that even if a critical glance at the initial notion of revealed preference can bring us surprising findings which will be enough to reverse the traditional view on this...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2019
ISSN: 1556-5068
DOI: 10.2139/ssrn.3500537