An Algebraic Approach to Revealed Preference
Mikhail Freer () and
Cesar Martinelli ()
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Mikhail Freer: University of Essex
No 1078, Working Papers from George Mason University, Interdisciplinary Center for Economic Science
We propose and develop an algebraic approach to revealed preference. Our approach dispenses with non algebraic structure, such as topological assumptions. We provide an algebraic axiom of revealed preference that subsumes previous, classical revealed preference axioms, and show that a dataset is rationalizable if and only if it is consistent with the axiom.
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Working Paper: An algebraic approach to revealed preferences (2021)
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