Consumer Choice and Revealed Bounded Rationality

We study two boundedly rational procedures in consumer behavior. We show that these procedures can be detected by conditions on observable demand data of the same type as standard revealed preference axioms. This provides the basis for a non-parametric analysis of boundedly rational consumer behavior mirroring the classical one for utility maximization.

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Year of publication:	2006-09
Authors:	Manzini, Paola ; Mariotti, Marco
Institutions:	School of Economics and Finance, Queen Mary
Subject:	Bounded rationality \| Revealed preference \| Consumer choice

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 571
Classification:	D1 - Household Behavior and Family Economics ; D11 - Consumer Economics: Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004976638