A simplified test for preference rationality of two-commodity choice
针对两商品消费集的选择数据,提出一种简化检验来判断其是否满足广义显示偏好公理(GARP),从而验证偏好或效用最大化假设,并给出算法及实验数据应用示例。
Abstract We provide a simplified test to determine if choice data from a two-commodity consumption set satisfies the Generalized Axiom of Revealed Preference (GARP), and thus the preference or utility maximization hypothesis. We construct an algorithm for this test and illustrate its application on experimental choice data.