A Simple Test of Richter-Rationality
AbstractWe propose in this note a simple non-parametric test of Richterrationality which is the basic definition of rationality used in choice functions theory. Loosely speaking, the data set is rationalizable in the Richter’ sense if there exists a complete-acyclic binary relation that rationalizes the data set. Hence a data set is rationalizable in the Richter’ sense if there exists a variable intervals function which rationalizes this data set. Since an acyclic binary relation is not necessary transitive then the proposed Richter-rationality test is weaker than GARP. Finally the test is performed over Mattei’s1 data sets.
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Bibliographic InfoPaper provided by Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne in its series Documents de recherche with number 06-01.
Length: 26 pages
Date of creation: 2006
Date of revision:
GARP; Choice Functions; Richter-Rationality; Variable Intervals Functions;
Find related papers by JEL classification:
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
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