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Simple preference intensity comparisons

Author

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  • Gerasimou, Georgios

Abstract

We propose and analyze a general model of simple preference intensity comparisons. The model encompasses those that belong to the utility-difference class, has transparent behavioural underpinnings and features purely ordinal uniqueness properties. Its empirical content is characterized by an easily testable condition on dual behavioural data that include choices and additional observables with intensity-revealing potential that are often elicited in experimental/empirical work, such as survey ratings, response times or willingness to pay.

Suggested Citation

  • Gerasimou, Georgios, 2021. "Simple preference intensity comparisons," Journal of Economic Theory, Elsevier, vol. 192(C).
    • Handle: RePEc:eee:jetheo:v:192:y:2021:i:c:s0022053121000168
    DOI: 10.1016/j.jet.2021.105199
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    Citations

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    Cited by:

    1. Michał Jakubczyk & Michał Lewandowski, 2024. "How sure are you? — the properties of self-reported conviction in the elicitation of health preferences with discrete choice experiments," Theory and Decision, Springer, vol. 96(3), pages 351-368, May.
    2. Hosoya, Yuhki, 2022. "An axiom for concavifiable preferences in view of Alt’s theory," Journal of Mathematical Economics, Elsevier, vol. 98(C).
    3. Duffy, Sean & Smith, John, 2024. "The random thickness of indifference," MPRA Paper 122165, University Library of Munich, Germany.
    4. Sean, Duffy & John, Smith, 2023. "Stochastic choice and imperfect judgments of line lengths: What is hiding in the noise?," MPRA Paper 116382, University Library of Munich, Germany.

    More about this item

    Keywords

    Ordinal preference intensities; Preference intensity functions; Revealed preference intensity;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D60 - Microeconomics - - Welfare Economics - - - General
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General

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