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Recovering Preferences from Finite Data

Christopher P. Chambers, Federico Echenique, Nicolas Lambert

arXiv 12 Sep 2019 · Theoretical Economics · publishedEconometrica (2021) · 2 citations (OpenAlex)

arXiv:1909.05457 · PDF · DOI · OpenAlex · Extracted main text

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, menu choice and intertemporal consumption. Our framework unifies the revealed preference tradition with models that allow for errors.

Citation extraction

57
references
103
in-text mentions
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distinct cited
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main-text words

appendix boundary found by appendix_command · 72% of the source is main text. Read the extracted text to check this.

Most heavily cited references

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.

ReferenceIntensityMentionsSectionsMain text
1Afriat, S. N (1967) The Construction of Utility Functions from Expenditure Data1.00053100%
2Mas-Colell, A (1978) On Revealed Preference Analysis0.92843100%
3Varian, H. R (1982) The Nonparametric Approach to Demand Analysis0.92843100%
4Border, K. C. and U. Segal (1994) Dynamic Consistency Implies Approximately Expected Utility Preferences0.8947571%
5Grodal, B (1974) A Note on the Space of Preference Relations0.81142100%
6Newey, W. K. and D. McFadden (1994) Large Sample Estimation and Hypothesis Testing, in0.7374350%
7Chambers, C. P., F. Echenique, and E. Shmaya (2014) The Axiomatic Structure of Empirical Content self0.73732100%
8Chernozhukov, V., H. Hong, and E. Tamer (2007) Estimation and Confidence Regions for Parameter Sets in Econometric Models0.73732100%
9Nishimura, H., E. A. Ok, and J. K.-H. Quah (2017) A Comprehensive Approach to Revealed Preference Theory0.73732100%
10Dekel, E., B. L. Lipman, and A. Rustichini (2001) Representing Preferences with a Unique Subjective State Space0.6443267%

Showing the top 10 of 57 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1A Frequentist Approach to Revealed Preference Analysis0.40511