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Download fileConsumer choice and revealed bounded rationality
journal contribution
posted on 2023-06-09, 08:42 authored by Paola Manzini, Marco MariottiWe study two boundedly rational procedures in consumer behavior. We show that these procedures can be detected by conditions on observable demand data of the same type as standard revealed preference axioms. This provides the basis for a non-parametric analysis of boundedly rational consumer behavior mirroring the classical one for utility maximization.
History
Publication status
- Published
File Version
- Accepted version
Journal
Economic TheoryISSN
0938-2259Publisher
Springer VerlagExternal DOI
Issue
3Volume
41Page range
379-392Department affiliated with
- Economics Publications
Full text available
- Yes
Peer reviewed?
- Yes