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Manzini, Paola and Mariotti, Marco (2008) Consumer choice and revealed bounded rationality. Economic Theory, 41 (3). pp. 379-392. ISSN 0938-2259
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Official URL: https://doi.org/10.1007/s00199-008-0389-x
Abstract
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.
Item Type: | Article |
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Keywords: | Bounded rationality, Revealed preference, Consumer choice |
Schools and Departments: | University of Sussex Business School > Economics |
Subjects: | H Social Sciences > HB Economic theory. Demography > HB0131 Methodology > HB0135 Mathematical economics. Quantitative methods Including econometrics, input-output analysis, game theory |
Depositing User: | Paola Manzini |
Date Deposited: | 07 Nov 2017 17:05 |
Last Modified: | 02 Jul 2019 17:32 |
URI: | http://sro.sussex.ac.uk/id/eprint/71004 |
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