A simplified test for preference rationality of two-commodity choice

被引：13

作者：

Banerjee, S ^{[1
]}

Murphy, JH

机构：

[1] Emory Univ, Dept Econ, Atlanta, GA 30322 USA

[2] Western Carolina Univ, Coll Business, Cullowhee, NC 28723 USA

来源：

EXPERIMENTAL ECONOMICS | 2006年 / 9卷 / 01期

关键词：

revealed preference; GARP; laboratory experiments; rationality;

D O I：

10.1007/s10683-006-4313-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：67 / 75

页数：9

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