A Comprehensive Approach to Revealed Preference Theory ∗

@inproceedings{Nishimura2016ACA,
  title={A Comprehensive Approach to Revealed Preference Theory ∗},
  author={Hiroki Nishimura and Efe A. Ok and John K.-H. Quah},
  year={2016}
}
We develop a version of Afriat’s Theorem that is applicable to a variety of choice environments, beyond the setting of classical consumer theory. This allows us to devise tests for rationalizability in the context of choice data on lotteries, contingent consumption, and intertemporal consumption. We also establish a version of Richter’s Theorem that characterizes the strict rationalizability of choice data with a continuous utility function (rather than simply with a preference that may not be… CONTINUE READING