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This paper provides an efficient way to generate a set of random choices on a set of budgets which satisfy the Generalised Axiom of Revealed Preferences (GARP), that is, they are consistent with utility maximisation. The choices are drawn from an approximate uniform distribution on the...
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Experimental subjects often do not appear to behave as selfish money-maximizers, especially when "fair" or "altruistic" motives are inconsistent with money-maximizing Nash equilibria. This paper asks whether this apparently unselfish behavior is consistent with some well-behaved preference...
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