Abstract To determine the welfare implications of price changes in demand data, we introduce a revealed preference relation over prices. We show that absence cycles this characterizes consumer who trades off utility consumption against disutility expenditure. Our model can be applied whenever consumer’s strict subset all available goods is being analysed; it also extended to settings with discr...

Constructing stated-preference (sp) experiments from a choice that the respondent made in a revealed-preference setting can enhance the realism of the sp task and the efficacy of preference revelation. However, the practice creates dependence between the sp attributes and unobserved factors, contrary to the independence assumption that is maintained for standard estimation procedures. We descri...

In chess, as well as many other domains, expert feedback is amply available in the form of annotated games. This feedback usually comes in the form of qualitative information because human annotators find it hard to determine precise utility values for game states. Therefore, it is more reasonable to use those annotations for a preference based learning setup, where it is not required to determ...

This study analyzes consumers’ responses to food-safety related information by evaluating if Japanese consumers have undergone a structural change in their preferences for meat due to the BSE outbreak in the country. The axiom of revealed preference is utilized to test the stability of preference in Japanese meat consumption. The matrix of weak form of revealed preference (WARP) is partitioned ...