An algebraic approach to revealed preferences
Theoretical Economics
2021-06-01 v1 General Economics
Economics
Abstract
We propose and develop an algebraic approach to revealed preference. Our approach dispenses with non algebraic structure, such as topological assumptions. We provide algebraic axioms of revealed preference that subsume previous, classical revealed preference axioms, as well as generate new axioms for behavioral theories, and show that a data set is rationalizable if and only if it is consistent with an algebraic axiom.
Cite
@article{arxiv.2105.15175,
title = {An algebraic approach to revealed preferences},
author = {Mikhail Freer and Cesar Martinelli},
journal= {arXiv preprint arXiv:2105.15175},
year = {2021}
}