Ch7_RevealvedPreferences.pptVIP

Chapter Seven Revealed Preference 显示偏好 Structure Direct preference revelation Indirect preference revelation Weak axiom of revealed preference Strong axiom of revealed preference Revealed Preference Analysis Suppose we observe the demands (consumption choices) that a consumer makes for different budgets. This reveals information about the consumer’s preferences. We can use this information to ... Revealed Preference Analysis Test the behavioral hypothesis that a consumer chooses the most preferred bundle from those available. Discover the consumer’s preference relation. Assumptions on Prefe