Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/195280
Authors: 
Aguiar, Victor H.
Serrano, Roberto
Year of Publication: 
2018
Citation: 
[Journal:] SERIEs - Journal of the Spanish Economic Association [ISSN:] 1869-4195 [Volume:] 9 [Year:] 2018 [Issue:] 4 [Pages:] 389-421
Abstract: 
Given any observed finite sequence of prices, wealth, and demand choices, we propose a way to measure and classify the departures from rationality in a systematic fashion, by connecting violations of the underlying Slutsky matrix properties to the length of revealed demand cycles. The approach complements our previous study (Aguiar and Serrano in J Econ Theory 172:163-201, 2017), which is based on the entire demand function. The methodology can be easily applied in experimental demand data sets.
Subjects: 
Consumer theory
Rationality
Slutsky matrix norm
Revealed preference approach
Bounded rationality
JEL: 
C60
D10
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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