A Functional Approach to Revealed Preference

Mikhail Freer and Cesar Martinelli

No 2018-29, Working Papers ECARES from ULB -- Universite Libre de Bruxelles

Abstract: We develop a systematic, functional approach to revealed preference tests based on completing preferences. Our approach is based on the notion of sequential closure, which generalizes the notion of transitive closure. We show that revealed preference tests developed for various decision theories can be seen as special cases of our approach. We also illustrate the approach constructing revealed preference tests for theories of decision under uncertainty whose revealed preference implications had not been studied before.

Keywords: Revealed preferences; preference extensions; independence; gambling independence; congruence (search for similar items in EconPapers)
Pages: 23 p.
Date: 2018-10
New Economics Papers: this item is included in nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published by:

Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/2776 ... LLI-a-functional.pdf Œuvre complète ou partie de l'œuvre (application/pdf)

Related works:
Working Paper: A Functional Approach to Revealed Preference (2018)
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:eca:wpaper:2013/277651

Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/277651

Access Statistics for this paper

More papers in Working Papers ECARES from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels (bpauwels@ulb.ac.be).