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Stochastic choice 1 Stochastic substitutability 1 Stochastic substitution theorem 1 Weak axiom of revealed preference 1 Weak axiom of stochastic revealed preference 1
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Bandyopadhyay, Taradas 1 Dasgupta, Indraneel 1 Pattanaik, Prasanta 1
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Economic Theory 1
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A general revealed preference theorem for stochastic demand behavior
Bandyopadhyay, Taradas; Dasgupta, Indraneel; Pattanaik, … - In: Economic Theory 23 (2004) 3, pp. 589-599
We present a general revealed preference theorem concerning stochastic choice behavior by consumers. We show that, when the consumer spends her entire wealth, the Weak Axiom of Stochastic Revealed Preference due to Bandyopadhyay, Dasgupta, and Pattanaik (1999) is equivalent to a restriction on...
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