A revealed preference analysis of random choices from lists
Presenter #3
Name
Gaoji Hu
Affiliation
Shanghai University of Finance and Economics
Country
China
Title of Paper
A theory of revealed indirect preference
Abstract
We call a preference over menus an indirect preference if there exists a preference over the objects that make up the menus and a menu is ranked over another if it contains an object that is preferred to every object in the other menu. Suppose an observer has information on an agent’s ranking over some menus; we develop an empirically implementable test to determine if those rankings are part of an indirect preference. Our result has applications to (1) revealed price preference, (2) coarse rationalizability, (3) testing multiple preferences, and (4) testing minimax regret.
Co-Authors (if applicable)
Name
Affiliation
Country
Jiangtao Li
Singapore Management University
Singapore
John K.-H. Quah
Nationali University of Singapore
Singapore
Rui Tang
Hong Kong University of Science and Technology
Hong Kong
Presenter #4
Name
Thomas Demuynck
Affiliation
Université Libre de Bruxelles
Country
Belgium
Title of Paper
Testing revealed preference models with unobserved randomness: a column generation approach
