A simplified test for preference rationality of two-commodity choice

A-Tier
Journal: Experimental Economics
Year: 2006
Volume: 9
Issue: 1
Pages: 67-75

Authors (2)

Samiran Banerjee (not in RePEc) James Murphy (University of West Georgia)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

View Full Article View on IDEAS/RePEc

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. Copyright Springer Science + Business Media, LLC 2006

Technical Details

RePEc Handle
repec:kap:expeco:v:9:y:2006:i:1:p:67-75
Journal Field
Experimental
Author Count
2
Added to Database
2026-01-26