Note on generated choice and axioms of revealed preference

Magyarkuti, Gyula (2000): Note on generated choice and axioms of revealed preference. Published in: Central Europen Journal of Operations Research , Vol. 8, No. 1 (2000): pp. 57-62.

Abstract

In this article, we study the axiomatic foundations of revealed preference theory. Let P denote the strict and R the weak revealed preference, respectively. The purpose of the paper is to show that weak, strong, and Hansson's axioms of revealed preference can be given as identities using the generated choices with respect to P and R in terms of maximality and in terms of greatestness.

• Item Type: MPRA Paper
• Language: English
• Keywords: Revealed preference, Weak axiom of revealed preference, Strong axiom of revealed preference, Hansson's axiom of revealed preference
• Subjects: D - Microeconomics > D7 - Analysis of Collective Decision-Making > D70 - General; C - Mathematical and Quantitative Methods > C0 - General > C02 - Mathematical Methods; D - Microeconomics > D0 - General > D00 - General; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C60 - General

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