Exchange Currency

revealed preference

The use of the value of expenditure to "reveal" the preference of a consumer or group of consumers for the bundle of goods they purchase compared to other bundles of equal or smaller value. Used by Samuelson (1939) and Ohyama (1972), especially, to examine the gains from trade.

Related information about revealed preference:
  1. Revealed preference - Wikipedia, the free encyclopedia
    Revealed preference theory, pioneered by American economist Paul Samuelson, is a method for comparing the influence of policies on consumer behavior.
     
  2. Revealed Preference Definition | Investopedia
    Revealed preference theory works on the assumption that consumers have considered a set of alternatives before making a purchasing decision.
     
  3. Revealed Preference - YouTube
    Mar 4, 2011 ... The Weak Axiom of Revealed Preference and what it means. Please check out my new site, Ask The Prof, http://asktheprof.blogspot.com/, ...
     
  4. A Revealed Preference Ranking of U.S. Colleges and Universities
    A Revealed Preference Ranking of U.S. Colleges and Universities. Christopher Avery, Mark Glickman, Caroline Hoxby, Andrew Metrick. NBER Working Paper ...
     
  5. Revealed Preference
    Revealed Preference. Ichiro Obara. UCLA. October 8, 2012. Obara (UCLA). Revealed Preference. October 8, 2012. 1 / 17 ...
     
  6. Search, Choice, and Revealed Preference* - Economics at Brown ...
    Key Words: Revealed preference, search, incomplete information, revealed ... search theory and the principle of revealed preference by characterizing models of ...
     
  7. Is The Weak Axiom of Revealed Preference Falsifiable? | Institute for ...
    Oct 11, 2012 ... Samuelson introduced the idea of revealed preference to allow for a scientific theory of demand in response to such attacks on the notion of ...
     
  8. Revealed Preference and the Utility Function - JStor
    Professor Samuelson's "revealed preference" approach' ... Ch. V-VI;. " Consumption Theory in Terms of Revealed Preference ", Econosnica, s94S, pp. 243-253.