arXiv 20 Aug 2019 · Theoretical Economics
arXiv:1908.07561 · PDF · DOI · OpenAlex · Extracted main text
This survey reviews recent developments in revealed preference theory. It discusses the testable implications of theories of choice that are germane to specific economic environments. The focus is on expected utility in risky environments; subjected expected utility and maxmin expected utility in the presence of uncertainty; and exponentially discounted utility for intertemporal choice. The testable implications of these theories for data on choice from classical linear budget sets are described, and shown to follow a common thread. The theories all imply an inverse relation between prices and quantities, with different qualifications depending on the functional forms in the theory under consideration.
appendix boundary found by none_found · 100% of the source is main text. Read the extracted text to check this.
The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.
| Reference | Intensity | Mentions | Sections | Main text | |
|---|---|---|---|---|---|
| 1 | Chambers CP, Echenique F (2016) Revealed preference theory, vol. 56 | 1.000 | 5 | 3 | 100% |
| 2 | Browning M (1989) A nonparametric test of the life-cycle rational expectations hypothesis | 0.737 | 3 | 2 | 100% |
| 3 | Varian HR (1982) The nonparametric approach to demand analysis | 0.737 | 3 | 2 | 100% |
| 4 | Polisson M, Quah J, Renou L (2017) Revealed preferences over risk and uncertainty | 0.693 | 5 | 1 | 100% |
| 5 | Afriat SN (1967) The construction of utility functions from expenditure data | 0.644 | 2 | 2 | 100% |
| 6 | Diewert WE (1973) Afriat and revealed preference theory | 0.644 | 2 | 2 | 100% |
| 7 | Nishimura H, Ok EA, Quah J (2017) A comprehensive approach to revealed preference theory | 0.644 | 2 | 2 | 100% |
| 8 | Quah J (2014) A test for weakly separable preferences | 0.644 | 2 | 2 | 100% |
| 9 | Chambers CP, Liu C, Martinez SK (2016) b | 0.585 | 3 | 1 | 100% |
| 10 | Chambers CP, Echenique F, Saito K (2016) a | 0.585 | 3 | 1 | 100% |
Showing the top 10 of 58 scored citations.
arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.
| Citing paper | Intensity | Mentions | Sections | |
|---|---|---|---|---|
| 1 | A Frequentist Approach to Revealed Preference Analysis | 0.405 | 1 | 1 |