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Note on generated choice and axioms of revealed preference

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  • Magyarkuti, Gyula

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.

Suggested Citation

  • Magyarkuti, Gyula, 2000. "Note on generated choice and axioms of revealed preference," MPRA Paper 20358, University Library of Munich, Germany, revised 01 Feb 2010.
    • Handle: RePEc:pra:mprapa:20358
    as

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    File URL: https://mpra.ub.uni-muenchen.de/20358/1/MPRA_paper_20358.pdf
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    References listed on IDEAS

    as
    1. Suzumura, Kotaro, 1977. "Houthakker's axiom in the theory of rational choice," Journal of Economic Theory, Elsevier, vol. 14(2), pages 284-290, April.
    2. Kotaro Suzumura, 1976. "Rational Choice and Revealed Preference," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(1), pages 149-158.
    3. Duggan, John, 1999. "A General Extension Theorem for Binary Relations," Journal of Economic Theory, Elsevier, vol. 86(1), pages 1-16, May.
    4. Amartya K. Sen, 1971. "Choice Functions and Revealed Preference," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 38(3), pages 307-317.
    5. Clark, Stephen A, 1985. "A Complementary Approach to the Strong and Weak Axioms of Revealed Preference," Econometrica, Econometric Society, vol. 53(6), pages 1459-1463, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Revealed preference; Weak axiom of revealed preference; Strong axiom of revealed preference; Hansson's axiom of revealed preference;
    All these keywords.

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • D00 - Microeconomics - - General - - - General
    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General

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