Showing 1 - 10 of 10
This article reviews recent developments in revealed preference theory. It discusses the testable implications of theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments, subjected expected utility and maxmin expected utility...
Persistent link: https://www.econbiz.de/10012404579
Persistent link: https://www.econbiz.de/10009306473
Persistent link: https://www.econbiz.de/10010255654
Persistent link: https://www.econbiz.de/10009547619
Persistent link: https://www.econbiz.de/10011447727
Persistent link: https://www.econbiz.de/10011386707
Persistent link: https://www.econbiz.de/10011404929
We generalize the standard revealed preference exercise in economics, and prove a sufficient condition under which the revealed preference formulation of an economic theory has universal implications and when these implications can be recursively enumerated. We apply our theorem to two theories...
Persistent link: https://www.econbiz.de/10011704924
Persistent link: https://www.econbiz.de/10011708368
We investigate the testable implications of the theory of stable matchings. We provide a characterization of the data that are rationalizable as a stable matching when agents' preferences are unobserved. The characterization is a simple nonparametric test for stability, in the tradition of...
Persistent link: https://www.econbiz.de/10014189213