TESTING THE SIGNIFICANCE OF DEVIATIONS FROM RATIONAL BEHAVIOR

We propose procedures for testing statistically the significance of violations of nonparametric tests of optimization axioms when observed behavior is measured with error. The tests are robust against parametric specification of the error distribution, thus are nonparametric in both the statistical and economic senses, and are readily implemented numerically. An illustration with demand data is presented.

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Year of publication:	1990
Authors:	Tsur, Yacov
Institutions:	Department of Applied Economics, College of Agricultural, Food, and Environmental Sciences
Subject:	Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	Staff Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Department of Applied Economics>Staff Papers Number 13267
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005500971