《微观经济学》第7章 显示偏好-英文教学课件（非AI生成）.ppt

ChapterSevenRevealedPreference1

RevealedPreferenceAnalysisSupposeweobservethedemands(consumptionchoices)thataconsumermakesfordifferentbudgets.Thisrevealsinformationabouttheconsumer’spreferences.Wecanusethisinformationto...2

RevealedPreferenceAnalysisTestthebehavioralhypothesisthataconsumerchoosesthemostpreferredbundlefromthoseavailable.Discovertheconsumer’spreferencerelation.3

AssumptionsonPreferencesPreferencesdonotchangewhilethechoicedataaregathered.arestrictlyconvex.aremonotonic.Together,convexityandmonotonicityimplythatthemostpreferredaffordablebundleisunique.4

AssumptionsonPreferencesx2x1x1*x2*Ifpreferencesareconvexand

monotonic(i.e.well-behaved)

thenthemostpreferred

affordablebundleisunique.5

DirectPreferenceRevelationSupposethatthebundlex*ischosenwhenthebundleyisaffordable.Thenx*isrevealeddirectlyaspreferredtoy(otherwiseywouldhavebeenchosen).6

DirectPreferenceRevelationx2x1x*yThechosenbundlex*is

revealeddirectlyaspreferred

tothebundlesyandz.z7

DirectPreferenceRevelationThatxisrevealeddirectlyaspreferredtoywillbewrittenas

xy.Dp8

IndirectPreferenceRevelationSupposexisrevealeddirectlypreferredtoy,andyisrevealeddirectlypreferredtoz.Then,bytransitivity,xisrevealedindirectlyaspreferredtoz.Writethisas

xz

soxyandyzxz.DpDpIpIp9

IndirectPreferenceRevelationx2x1x*zzisnotaffordablewhenx*ischosen.10

IndirectPreferenceRevelationx2x1x*y*zx*isnotaffordablewheny*ischosen.11

IndirectPreferenceRevelationx2x1x*y*zzisnotaffordablewhenx*ischosen.

x*isnotaffordablewheny*ischosen.12

zisnotaffordablewhenx*ischosen.

x*isnotaffordablewheny*ischosen.

Sox*andzcannotbecompared

directly.IndirectPreferenceRevelatio