[北大微观经济学课件]ch7 Revealed Preference.pptVIP

Chapter Seven Revealed Preference 显示偏好 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 Preferences Preferences do not change while the choice data are gathered. are strictly convex. are monotonic. Together, convexity and monotonicit