According to a minimalist version of Afriat's theorem, a consumer behaves as a utility maximizer if and only if a feasibility matrix associated with his choices is cyclically consistent. An essential experiment consists of observed consumption bundles (x_1,..., x_n) and a feasibility matrix...

According to a minimalist version of Afriat's theorem, a consumer behaves as a utility maximizer if and only if a feasibility matrix associated with his choices is cyclically consistent. An essential experiment consists of observed consumption bundles (x_1,..., x_n) and a feasibility matrix...

The question of choice, in Hume's works, lies within the more general framework of the theory of passions. These lead towards desire, aversion and volition, and require reason, as a cognitive faculty, in order to build the set of objects on which our preferences are defined, and to determine its...