منابع مشابه
Contextuality and the Weak Axiom in the Theory of Choice
Recent work on the logical structure of non-locality has constructed scenarios where observations of multi-partite systems cannot be adequately described by compositions of non-signaling subsystems. In this paper we apply these frameworks to economics. First we construct a empirical model of choice, where choices are understood as observable outcomes in a certain sense. An analysis of contextua...
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The purpose of this paper is to derive extensions of the weak axiom of revealed preference (warp) to collective households. We consider three different settings: the general setting, where no information on the characteristics of goods is available; the private setting, where all goods are consumed privately without externalities, and finally, the dictator setting, where each observation is ful...
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We explore the relation between two 'rationality conditions' for stochastic choice behavior: regularity and the weak axiom of stochastic revealed preference (WASRP). We show that WASRP implies regularity, but the converse is not true. We identify a restriction on the domain of the stochastic choice function, which suffices for regularity to imply WASRP. When the universal set of alternatives is...
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We address the problem of aggregating demand across a group of consumers, who are identical in terms of wealth and face identical price vectors, but vary in their chosen consumption bundles. We show that, when a stochastic demand function is constructed to aggregate a number of deterministic demand functions, satisfaction of the weak axiom of stochastic revealed preference by this stochastic de...
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ژورنال
عنوان ژورنال: Archive for Mathematical Logic
سال: 2015
ISSN: 0933-5846,1432-0665
DOI: 10.1007/s00153-015-0467-2