A Measure of Rationality and Welfare

被引:54
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
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