Slutsky Matrix Norms and the Size of Bounded Rationality
نویسندگان
چکیده
منابع مشابه
Slutsky matrix norms: The size, classification, and comparative statics of bounded rationality
Given any observed demand behavior by means of a demand function, we quantify by how much it departs from rationality. The measure of the gap is the smallest Frobenius norm of the correcting matrix function that would yield a Slutsky matrix with its standard rationality properties (symmetry, singularity, and negative semidefiniteness). A useful classification of departures from rationality is s...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2378585