Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/102612 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
Working Paper No. 2013-16
Verlag: 
Brown University, Department of Economics, Providence, RI
Zusammenfassung: 
Given any observed demand behavior by means of a demand function, we quantify by how much it departs from rationality. Using a recent elaboration of the "almost implies near" principle, the measure of the gap is the smallest norm of the correcting matrix that would yield a Slutsky matrix with its standard rationality properties (symmetry, singularity, and negative semidefiniteness). A useful classification of departures from rationality is suggested as a result. Variants, examples, and applications are discussed, and illustrations are provided using several bounded rationality models.
Schlagwörter: 
consumer theory
rationality
Slutsky matrix
bounded rationality
"almost implies near" principle
JEL: 
C60
D10
Dokumentart: 
Working Paper

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