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Revealed preference, belief, and game theory

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  • Hausman, Daniel M.
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    Abstract

    The notion of revealed preference is unclear and should be abandoned. Defenders of the theory of revealed preference have misinterpreted legitimate concerns about the testability of economics as the demand that economists eschew reference to (unobservable) subjective states. As attempts to apply revealed-preference theory to game theory illustrate with particular vividness, this demand is mistaken.

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    Bibliographic Info

    Article provided by Cambridge University Press in its journal Economics and Philosophy.

    Volume (Year): 16 (2000)
    Issue (Month): 01 (April)
    Pages: 99-115

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    Handle: RePEc:cup:ecnphi:v:16:y:2000:i:01:p:99-115_00

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    Cited by:
    1. Ganghof, Steffen & Manow, Philip, 2005. "Mechanismen der Politik: Strategische Interaktion im deutschen Regierungssystem," Schriften aus dem Max-Planck-Institut für Gesellschaftsforschung Köln, Max Planck Institute for the Study of Societies, volume 54, number 54.
    2. Carvajal, Andres, 2004. "Testable restrictions on the equilibrium manifold under random preferences," Journal of Mathematical Economics, Elsevier, vol. 40(1-2), pages 121-143, February.
    3. Nicola Maaser, 2010. "Hartmut Kliemt: Philosophy and economics I. Methods and models," Social Choice and Welfare, Springer, vol. 35(2), pages 345-350, July.
    4. Mongin, Philippe, 2005. "Value judgments and value neutrality in economics," MPRA Paper 37751, University Library of Munich, Germany.
    5. Saima Mahmood & Asad Zaman, 2010. "Monetary and Non-monetary Gift Exchange," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 49(4), pages 719–740.
    6. Dietrich, Franz & List, Christian, 2012. "Mentalism versus behaviourism in economics: a philosophy-of-science perspective," MPRA Paper 37813, University Library of Munich, Germany.

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