A simplified test for preference rationality of two-commodity choice
Author
Abstract
Suggested Citation
DOI: 10.1007/s10683-006-4313-6
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Samiran Banerjee & James Murphy, 2009. "A simplified test for preference rationality of two-commodity choice," Experimental Economics, Springer;Economic Science Association, vol. 12(2), pages 252-252, June.
References listed on IDEAS
- Varian, Hal R, 1982. "The Nonparametric Approach to Demand Analysis," Econometrica, Econometric Society, vol. 50(4), pages 945-973, July.
- Varian, Hal R., 1988. "Revealed preference with a subset of goods," Journal of Economic Theory, Elsevier, vol. 46(1), pages 179-185, October.
- Cox, James C, 1997. "On Testing the Utility Hypothesis," Economic Journal, Royal Economic Society, vol. 107(443), pages 1054-1078, July.
- William T. Harbaugh & Kate Krause & Timothy R. Berry, 2001.
"GARP for Kids: On the Development of Rational Choice Behavior,"
American Economic Review, American Economic Association, vol. 91(5), pages 1539-1545, December.
- Timothy Berry & William Harbaugh & Kate Krause, 2001. "Garp for kids: On the development of rational choice behavior," Artefactual Field Experiments 00056, The Field Experiments Website.
- Matzkin, Rosa L. & Richter, Marcel K., 1991.
"Testing strictly concave rationality,"
Journal of Economic Theory, Elsevier, vol. 53(2), pages 287-303, April.
- Rosa L. Matzkin & Marcel K. Richter, 1987. "Testing Strictly Concave Rationality," Cowles Foundation Discussion Papers 844, Cowles Foundation for Research in Economics, Yale University.
- Hugh Rose, 1958. "Consistency of Preference: The Two-Commodity Case," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 25(2), pages 124-125.
- James Andreoni & John Miller, 2002. "Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism," Econometrica, Econometric Society, vol. 70(2), pages 737-753, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Jan Heufer, 2013. "Testing revealed preferences for homotheticity with two-good experiments," Experimental Economics, Springer;Economic Science Association, vol. 16(1), pages 114-124, March.
- Takashi Kunimoto & Roberto Serrano, 2020.
"Rationalizable Incentives: Interim Implementation of Sets in Rationalizable Strategies,"
Working Papers
2020-15, Brown University, Department of Economics.
- Victor H. Aguiar & Per Hjertstrand & Roberto Serrano, 2020. "Rationalizable Incentives: Interim Implementation of Sets in Rationalizable Strategies," Working Papers 2020-16, Brown University, Department of Economics.
- Kunimoto, Takashi & Serrano, Roberto, 2020. "Rationalizable Incentives: Interim Implementation of Sets in Rationalizable Strategies," Economics and Statistics Working Papers 4-2020, Singapore Management University, School of Economics.
- Cherchye, Laurens & Demuynck, Thomas & De Rock, Bram, 2018.
"Transitivity of preferences: when does it matter?,"
Theoretical Economics, Econometric Society, vol. 13(3), September.
- Laurens Cherchye & Thomas Demuynck & Bram De Rock, 2015. "Transitivity of preferences: when does it matter?," Working Papers of Department of Economics, Leuven 515975, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Laurens Cherchye & Thomas Demuynck & Bram De Rock, 2015. "Transitivity of Preferences: When Doest it Matter ?," Working Papers ECARES ECARES 2015-44, ULB -- Universite Libre de Bruxelles.
- Laurens Cherchye & Thomas Demuynck & Bram De Rock, 2018. "Transitivity of Preferences: When Doest it Matter ?," ULB Institutional Repository 2013/262696, ULB -- Universite Libre de Bruxelles.
- James Murphy & Samiran Banerjee, 2015. "A caveat for the application of the critical cost efficiency index in induced budget experiments," Experimental Economics, Springer;Economic Science Association, vol. 18(3), pages 356-365, September.
- Cherchye, Laurens & Demuynck, Thomas & De Rock, Bram, 2018.
"Transitivity of preferences: when does it matter?,"
Theoretical Economics, Econometric Society, vol. 13(3), September.
- Laurens Cherchye & Thomas Demuynck & Bram De Rock, 2015. "Transitivity of preferences: when does it matter?," Working Papers of Department of Economics, Leuven 515975, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Laurens Cherchye & Thomas Demuynck & Bram De Rock, 2018. "Transitivity of preferences: When does it matter?," ULB Institutional Repository 2013/283419, ULB -- Universite Libre de Bruxelles.
- Laurens Cherchye & Thomas Demuynck & Bram De Rock, 2015. "Transitivity of Preferences: When Doest it Matter ?," Working Papers ECARES ECARES 2015-44, ULB -- Universite Libre de Bruxelles.
- Laurens Cherchye & Thomas Demuynck & Bram De Rock, 2018. "Transitivity of Preferences: When Doest it Matter ?," ULB Institutional Repository 2013/262696, ULB -- Universite Libre de Bruxelles.
- Heufer, Jan, 2007. "Revealed Preference and the Number of Commodities," Ruhr Economic Papers 36, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Marcos Demetry & Per Hjertstrand, 2023.
"Consistent subsets: Computing the Houtman–Maks index in Stata,"
Stata Journal, StataCorp LP, vol. 23(2), pages 578-588, June.
- Hjertstrand, Per & Demetry, Marcos, 2022. "Consistent Subsets: Computing the Houtman-Maks Index in Stata," Working Paper Series 1446, Research Institute of Industrial Economics.
- Aguiar, Victor H. & Hjertstrand, Per & Serrano, Roberto, 2020.
"A Rationalization of the Weak Axiom of Revealed Preference,"
Working Paper Series
1321, Research Institute of Industrial Economics.
- Victor H. Aguiar & Per Hjertstrand & Roberto Serrano, 2022. "A Rationalization of the Weak Axiom of Revealed Preference," University of Western Ontario, Departmental Research Report Series 20229, University of Western Ontario, Department of Economics.
- Heufer, Jan & van Bruggen, Paul & Yang, Jingni, 2020.
"Giving According to Agreement,"
Discussion Paper
2020-035, Tilburg University, Center for Economic Research.
- Heufer, Jan & van Bruggen, Paul & Yang, Jingni, 2020. "Giving According to Agreement," Other publications TiSEM 19e0d60e-efcb-4e7c-b163-f, Tilburg University, School of Economics and Management.
- Heufer, Jan, 2014. "Nonparametric comparative revealed risk aversion," Journal of Economic Theory, Elsevier, vol. 153(C), pages 569-616.
- Pawe{l} Dziewulski & Joshua Lanier & John K. -H. Quah, 2024. "Revealed preference and revealed preference cycles: a survey," Papers 2405.08459, arXiv.org.
- Matej Opatrny, 2018. "Extent of Irrationality of the Consumer: Combining the Critical Cost Eciency and Houtman Maks Indices," Working Papers IES 2018/11, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Apr 2018.
- Heufer, Jan & Hjertstrand, Per, 2015.
"Consistent subsets: Computationally feasible methods to compute the Houtman–Maks-index,"
Economics Letters, Elsevier, vol. 128(C), pages 87-89.
- Heufer, Jan & Hjertstrand, Per, 2014. "Consistent Subsets – Computationally Feasible Methods to Compute the Houtman-Maks-Index," Ruhr Economic Papers 523, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Sebastian Bachler & Felix Holzmeister & Michael Razen & Matthias Stefan, 2021. "The Impact of Presentation Format and Choice Architecture on Portfolio Allocations: Experimental Evidence," Working Papers 2021-15, Faculty of Economics and Statistics, Universität Innsbruck.
- Marcos Demetry & Per Hjertstrand & Matthew Polisson, 2022.
"Testing axioms of revealed preference in Stata,"
Stata Journal, StataCorp LP, vol. 22(2), pages 319-343, June.
- Demetry, Marcos & Hjertstrand, Per & Polisson, Matthew, 2020. "Testing Axioms of Revealed Preference in Stata," Working Paper Series 1342, Research Institute of Industrial Economics, revised 28 Feb 2022.
- Jim Engle-Warnick & Natalia Mishagina, 2014.
"Insensitivity to Prices in a Dictator Game,"
CIRANO Working Papers
2014s-19, CIRANO.
- Jim Engle-Warnick & Natalia Mishagina, 2016. "Insensitivity to Prices in a Dictator Game," CIRANO Working Papers 2016s-45, CIRANO.
- Khouja, Moutaz & Pan, Jingming & Ratchford, Brian T. & Zhou, Jing, 2011. "Analysis of free gift card program effectiveness," Journal of Retailing, Elsevier, vol. 87(4), pages 444-461.
- Brocas, Isabelle & Carrillo, Juan D. & Combs, T. Dalton & Kodaverdian, Niree, 2019. "Consistency in simple vs. complex choices by younger and older adults," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 580-601.
- Samiran Banerjee & James Murphy, 2011. "Do rational demand functions differ from irrational ones? Evidence from an induced budget experiment," Applied Economics, Taylor & Francis Journals, vol. 43(26), pages 3863-3882.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jan Heufer, 2013. "Testing revealed preferences for homotheticity with two-good experiments," Experimental Economics, Springer;Economic Science Association, vol. 16(1), pages 114-124, March.
- Cox, James C., 2010.
"Some issues of methods, theories, and experimental designs,"
Journal of Economic Behavior & Organization, Elsevier, vol. 73(1), pages 24-28, January.
- James C. Cox, 2009. "Some Issues of Methods, Theories, and Experimental Designs," Experimental Economics Center Working Paper Series 2009-02, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
- Jan Heufer, 2014. "A geometric approach to revealed preference via Hamiltonian cycles," Theory and Decision, Springer, vol. 76(3), pages 329-341, March.
- Eileen Tipoe & Abi Adams & Ian Crawford, 2022. "Revealed preference analysis and bounded rationality [Consume now or later? Time inconsistency, collective choice and revealed preference]," Oxford Economic Papers, Oxford University Press, vol. 74(2), pages 313-332.
- Yoram Halevy & Dotan Persitz & Lanny Zrill, 2018.
"Parametric Recoverability of Preferences,"
Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1558-1593.
- Halevy, Yoram & Persitz, Dotan & Zrill, Lanny, 2012. "Parametric Recoverability of Preferences," Microeconomics.ca working papers yoram_halevy-2012-20, Vancouver School of Economics, revised 28 Aug 2015.
- Halevy, Yoram & Persitz, Dotan & Zrill, Lanny, 2016. "Parametric Recoverability of Preferences," Microeconomics.ca working papers yoram_halevy-2016-11, Vancouver School of Economics, revised 02 Nov 2016.
- Pawel Dziewulski, 2018. "Just-noticeable difference as a behavioural foundation of the critical cost-efficiency," Economics Series Working Papers 848, University of Oxford, Department of Economics.
- James Murphy & Samiran Banerjee, 2015. "A caveat for the application of the critical cost efficiency index in induced budget experiments," Experimental Economics, Springer;Economic Science Association, vol. 18(3), pages 356-365, September.
- Brocas, Isabelle & Carrillo, Juan D. & Combs, T. Dalton & Kodaverdian, Niree, 2019. "The development of consistent decision-making across economic domains," Games and Economic Behavior, Elsevier, vol. 116(C), pages 217-240.
- Aluma Dembo & Shachar Kariv & Matthew Polisson & John Quah, 2021.
"Ever since Allais,"
IFS Working Papers
W21/15, Institute for Fiscal Studies.
- Aluma Dembo & Shachar Kariv & Matthew Polisson & John K.-H. Quah, 2021. "Ever Since Allais," Bristol Economics Discussion Papers 21/745, School of Economics, University of Bristol, UK.
- van Bruggen, Paul & Heufer, Jan, 2017.
"Afriat in the lab,"
Journal of Economic Theory, Elsevier, vol. 169(C), pages 546-550.
- Jan Heufer & Paul van Bruggen, 2016. "Afriat in the Lab," Tinbergen Institute Discussion Papers 16-095/I, Tinbergen Institute.
- Laurens Cherchye & Thomas Demuynck & Bram De Rock, 2013.
"Nash‐Bargained Consumption Decisions: A Revealed Preference Analysis,"
Economic Journal, Royal Economic Society, vol. 123, pages 195-235, March.
- Laurens CHERCHYE & Thomas DEMUYNCK & Bram DE ROCK, 2011. "Nash bargained consumption decisions: a revealed preference analysis," Working Papers of Department of Economics, Leuven ces11.07, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Laurens Cherchye & Thomas Demuynck & Bram De Rock, 2013. "Nash-Bargained Consumption Decisions: A Revealed Preference Analysis," ULB Institutional Repository 2013/252236, ULB -- Universite Libre de Bruxelles.
- Sam Cosaert & Thomas Demuynck, 2015.
"Revealed preference theory for finite choice sets,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 59(1), pages 169-200, May.
- Sam COSAERT & Thomas DEMUYNCK, 2013. "Revealed preference theory for finite choice sets," Working Papers of Department of Economics, Leuven ces13.08, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
- Sam Cosaert & Thomas Demuynck, 2015. "Revealed preference theory for finite choice sets," ULB Institutional Repository 2013/251997, ULB -- Universite Libre de Bruxelles.
- Pawe{l} Dziewulski & Joshua Lanier & John K. -H. Quah, 2024. "Revealed preference and revealed preference cycles: a survey," Papers 2405.08459, arXiv.org.
- Raymond Fisman & Shachar Kariv & Daniel Markovits, 2007.
"Individual Preferences for Giving,"
American Economic Review, American Economic Association, vol. 97(5), pages 1858-1876, December.
- Fisman, Raymond J & Kariv, Shachar & Markovits, Daniel, 2005. "Individual Preferences for Giving," Department of Economics, Working Paper Series qt3h7672sq, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Ray Fisman & Shachar Kariv & Daniel Markovits, 2006. "Individual Preferences for Giving," Levine's Bibliography 666156000000000468, UCLA Department of Economics.
- Raymond Fisman & Shachar Kariv & Daniel Markovits, 2005. "Individual Preferences for Giving," Game Theory and Information 0504007, University Library of Munich, Germany.
- Marc-Arthur Diaye & François Gardes & Christophe Starzec, 2009.
"GARP violation, Economic Environment Distortions and Shadow Prices : Evidence from Household Expenditure Panel Data,"
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
halshs-00376747, HAL.
- Marc-Arthur Diaye & François Gardes & Christophe Starzec, 2009. "GARP violation, economic environment distortions and shadow prices: Evidence from household expenditure panel data," Documents de travail du Centre d'Economie de la Sorbonne 09020, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Marc-Arthur Diaye & François Gardes & Christophe Starzec, 2010. "GARP violation, Economic Environment Distortions and Shadow Prices: Evidence from Household Expenditure Panel Data," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00449463, HAL.
- Jim Engle-Warnick & Natalia Mishagina, 2014.
"Insensitivity to Prices in a Dictator Game,"
CIRANO Working Papers
2014s-19, CIRANO.
- Jim Engle-Warnick & Natalia Mishagina, 2016. "Insensitivity to Prices in a Dictator Game," CIRANO Working Papers 2016s-45, CIRANO.
- Jan Heufer & Per Hjertstrand, 2015. "Homothetic Efficiency and Test Power: A Non-Parametric Approach," Tinbergen Institute Discussion Papers 15-064/I, Tinbergen Institute.
- Per Hjertstrand & James Swofford, 2014. "Are the choices of people stochastically rational? A stochastic test of the number of revealed preference violations," Empirical Economics, Springer, vol. 46(4), pages 1495-1519, June.
- Marc-Arthur Diaye & François Gardes & Christophe Starzec, 2010. "GARP violation, Economic Environment Distortions and Shadow Prices: Evidence from Household Expenditure Panel Data," Post-Print halshs-00449463, HAL.
- Brocas, Isabelle & Carrillo, Juan D. & Combs, T. Dalton & Kodaverdian, Niree, 2019. "Consistency in simple vs. complex choices by younger and older adults," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 580-601.
More about this item
Keywords
Revealed preference; GARP; Laboratory experiments; Rationality;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:expeco:v:9:y:2006:i:1:p:67-75. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.