A Measure of Rationality and Welfare

被引:56
作者
Apesteguia, Jose [1 ,2 ]
Ballester, Miguel A. [2 ,3 ]
机构
[1] Univ Pompeu Fabra, Catalan Inst Res & Adv Studies, Barcelona, Spain
[2] Barcelona Grad Sch Econ, Barcelona, Spain
[3] Univ Autonoma Barcelona, E-08193 Barcelona, Spain
关键词
LINEAR ORDERING PROBLEM; INPUT-OUTPUT MATRICES; CHOICE FUNCTIONS; UTILITY; MONEY; SETS;
D O I
10.1086/683838
中图分类号
F [经济];
学科分类号
02 ;
摘要
Evidence showing that individual behavior often deviates from the classical principle of preference maximization has raised at least two important questions: (1) How serious are the deviations? (2) What is the best way to analyze choice behavior in order to extract information for the purpose of welfare analysis? This paper addresses these questions by proposing a new way to identify the preference relation that is closest, in terms of welfare loss, to the revealed choice.
引用
收藏
页码:1278 / 1310
页数:33
相关论文
共 48 条
[1]  
Afriat S. N., 1973, International Economic Review, V14, P460, DOI DOI 10.2307/2525934
[2]  
[Anonymous], 1959, INDIVIDUAL CHOICE BE
[3]  
[Anonymous], 1973, CONDITIONAL LOGIT AN
[4]   Assent-maximizing social choice [J].
Baldiga, Katherine A. ;
Green, Jerry R. .
SOCIAL CHOICE AND WELFARE, 2013, 40 (02) :439-460
[5]   BEYOND REVEALED PREFERENCE: CHOICE-THEORETIC FOUNDATIONS FOR BEHAVIORAL WELFARE ECONOMICS [J].
Bernheim, B. Douglas ;
Rangel, Antonio .
QUARTERLY JOURNAL OF ECONOMICS, 2009, 124 (01) :51-104
[6]   Efficient and non-deteriorating choice [J].
Bossert, W ;
Sprumont, Y .
MATHEMATICAL SOCIAL SCIENCES, 2003, 45 (02) :131-142
[7]   Heuristic implementation of dynamic programming for matrix permutation problems in combinatorial data analysis [J].
Brusco, Michael J. ;
Koehn, Hans-Friedrich ;
Stahl, Stephanie .
PSYCHOMETRIKA, 2008, 73 (03) :503-522
[8]   Choice and individual welfare [J].
Chambers, Christopher P. ;
Hayashi, Takashi .
JOURNAL OF ECONOMIC THEORY, 2012, 147 (05) :1818-1849
[9]   Revised GRASP with path-relinking for the linear ordering problem [J].
Chaovalitwongse, W. Art ;
Oliveira, Carlos A. S. ;
Chiarini, Bruno ;
Pardalos, Panos M. ;
Resende, Mauricio G. C. .
JOURNAL OF COMBINATORIAL OPTIMIZATION, 2011, 22 (04) :572-593
[10]   Who Is (More) Rational? [J].
Choi, Syngjoo ;
Kariv, Shachar ;
Mueller, Wieland ;
Silverman, Dan .
AMERICAN ECONOMIC REVIEW, 2014, 104 (06) :1518-1550