slide20-oct17

slide20-oct17 - REVEALED PREFERENCE Siyang Xiong Rice...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
REVEALED PREFERENCE Siyang Xiong Rice University October 16, 2011 Xiong (Rice University) ECON 401 October 16, 2011 1 / 8
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Revealed Preference x ; y 2 A \ B . If x 2 c ( A ) and y 2 c ( B ) , then x 2 c ( B ) . : If x 2 B A and x 2 c ( A ) , then x 2 c ( B ) . then he must also be the champion of Pakistan. ± : If x ; y 2 c ( A ) , A B and y 2 c ( B ) , then x 2 c ( B ) . then all champions (in this game) of Pakistan are also world champion. Xiong (Rice University) ECON 401 October 16, 2011 2 / 8
Background image of page 2
Revealed Preference Theorem and ± . Theorem If is rational, c ( ± ; ) and ± . Xiong (Rice University) ECON 401 October 16, 2011 3 / 8
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Revealed Preference: an example An example: X = f x ; y ; z g ; 2 X = f ? ; f
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 8

slide20-oct17 - REVEALED PREFERENCE Siyang Xiong Rice...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online