Consumer choice and revealed bounded rationality

Paola Manzini, Marco Mariotti*

*Corresponding author for this work

Research output: Contribution to journalArticle (Academic Journal)peer-review

11 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)379-392
Number of pages14
JournalEconomic Theory
Volume41
Issue number3
DOIs
Publication statusPublished - Sep 2009

Bibliographical note

Copyright:
Copyright 2010 Elsevier B.V., All rights reserved.

Keywords

  • Bounded rationality
  • Consumer choice
  • Revealed preference

Fingerprint

Dive into the research topics of 'Consumer choice and revealed bounded rationality'. Together they form a unique fingerprint.

Cite this