Affiliation:
1. Department of Economics, Georgetown University
2. Division of the Humanities and Social Sciences, California Institute of Technology
3. Department of Economics, Massachusetts Institute of Technology
Abstract
We study preferences estimated from finite choice experiments and provide sufficient conditions for convergence to a unique underlying “true” preference. Our conditions are weak and, therefore, valid in a wide range of economic environments. We develop applications to expected utility theory, choice over consumption bundles, and menu choice. Our framework unifies the revealed preference tradition with models that allow for errors.
Funder
Fondation HEC
University of California Berkeley
University of Pennsylvania
University of Warwick
University of York
University of Oxford
Virginia Polytechnic Institute and State University
National Science Foundation
Simons Institute for the Theory of Computing, University of California Berkeley
Microsoft Research
Yale University
Subject
Economics and Econometrics
Cited by
6 articles.
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