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WARP Decompositions

Author

Listed:
  • Hassan Nosratabadi

    (Rutgers, The State University Of New Jersey)

Abstract

The relation between Sen's decomposition of the weak axiom of revealed preferences (WARP), and WARP directional decomposition introduced in Nosratabadi (2017) is investigated. It is argued that the latter generalizes the former. A pairwise transitive WARP decomposition consistent with Sen's property a is given. It is also argued that the notion of referential DM can not be built upon Sen's properties.

Suggested Citation

  • Hassan Nosratabadi, 2017. "WARP Decompositions," Departmental Working Papers 201708, Rutgers University, Department of Economics.
    • Handle: RePEc:rut:rutres:201708
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    File URL: http://www.sas.rutgers.edu/virtual/snde/wp/2017-08.pdf
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    References listed on IDEAS

    as
    1. Amartya K. Sen, 1971. "Choice Functions and Revealed Preference," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 38(3), pages 307-317.
    2. Hassan Nosratabadi, 2017. "Referential Revealed Preference Theory," Departmental Working Papers 201707, Rutgers University, Department of Economics.
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    More about this item

    Keywords

    The Weak Axiom of Revealed Preferences; WARP Decomposition;

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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