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Title:Consumer choice and revealed bounded rationality PDF Logo
Authors:Manzini, Paola
Mariotti, Marco
Issue Date:2006
Series/Report no.:Working Paper, Department of Economics, Queen Mary, University of London 571
Abstract:We study two boundedly rational procedures in consumer behavior. We show that these procedures can be detected by conditions on observable demand data of the same type as standard revealed preference axioms. This provides the basis for a non-parametric analysis of boundedly rational consumer behavior mirroring the classical one for utility maximization.
Subjects:Bounded rationality, Revealed preference, Consumer choice
JEL:D1
D11
Document Type:Working Paper
Appears in Collections:Working Paper Series, School of Economics and Finance, Queen Mary, University of London

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