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Consumer choice and revealed bounded rationality

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journal contribution
posted on 2023-06-09, 08:42 authored by Paola Manzini, Marco Mariotti
We 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 Theory

ISSN

0938-2259

Publisher

Springer Verlag

Issue

3

Volume

41

Page range

379-392

Department affiliated with

  • Economics Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2017-11-07

First Open Access (FOA) Date

2017-11-07

First Compliant Deposit (FCD) Date

2017-11-07

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