Aguiar, Victor H.; Hjertstrand, Per; Serrano, Roberto - 2020 - This version: February 2020
We offer a rationalization of the weak axiom of revealed preference (WARP) and of the weak generalized axiom of revealed preference (WGARP) for both finite and infinite data sets of consumer choice. We call it maximin rationalization, in which each pairwise choice is associated with a local...
