Download This PaperCoarse Revealed Preference
32 Pages Posted: 3 Jan 2019
Date Written: December 18, 2018
Abstract
We identify necessary and sufficient conditions under which a coarse data set can be coarsely rationalized by a linear order (or weak order). The conditions are easy to check, and efficient algorithms are provided. We apply our theory to investigate the observable restrictions of several economic models including (1) rational choice with imperfect observation; (2) multiple preferences; (3) monotone multiple preferences; and (4) minimax regret.
Keywords: revealed preference, coarse rationalizability, imperfect observation, multiple preferences, minimax regret
JEL Classification: D11, D81
Suggested Citation: Suggested Citation
Hu, Gaoji and Li, Jiangtao and Quah, John and Tang, Rui, Coarse Revealed Preference (December 18, 2018). Available at SSRN: https://ssrn.com/abstract=3303602 or http://dx.doi.org/10.2139/ssrn.3303602
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