A simplified test for preference rationality of two-commodity choice
Samiran Banerjee () and
James Murphy
Experimental Economics, 2006, vol. 9, issue 1, 67-75
Abstract:
We provide a simplified test to determine if choice data from a two-commodity consumption set satisfies the Generalized Axiom of Revealed Preference (GARP), and thus the preference or utility maximization hypothesis. We construct an algorithm for this test and illustrate its application on experimental choice data. Copyright Springer Science + Business Media, LLC 2006
Keywords: Revealed preference; GARP; Laboratory experiments; Rationality (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)
Downloads: (external link)
http://hdl.handle.net/10.1007/s10683-006-4313-6 (text/html)
Access to full text is restricted to subscribers.
Related works:
Journal Article: A simplified test for preference rationality of two-commodity choice (2009) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:kap:expeco:v:9:y:2006:i:1:p:67-75
Ordering information: This journal article can be ordered from
http://www.springer. ... ry/journal/10683/PS2
DOI: 10.1007/s10683-006-4313-6
Access Statistics for this article
Experimental Economics is currently edited by David J. Cooper, Lata Gangadharan and Charles N. Noussair
More articles in Experimental Economics from Springer, Economic Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().