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Quasiconcave Preferences and Choices on a Probability Simplex – A Nonparametric Analysis

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Author Info

  • Jan Heufer

    ()

Abstract

Government agencies and other national and international institutions are asked to perform foMit dem nichtparametrischen Ansatz dieser Arbeit lässt sich überprüfen, ob Entscheidungen auf einem Wahrscheinlichkeitssimplex mit quasikonkaven Präferenzen vereinbar sind. Notwendige und hinreichende Bedingungen und Methoden zur Rekonstruierung von Indifferenzkurven werden vorgestellt. Des Weiteren können quasikonkave Nutzenfunktionen in Analogie zur Konstruktion der Nutzenfunktion im Beweis des Theorems von Afriat konstruiert werden. Der Ansatz ist relevant für die Untersuchung von Entscheidungen unter Unsicherheit, stochastischen Entscheidungen und ex-ante Fairness. Die Methode ist besonders für experimentelle Daten geeignet.

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Bibliographic Info

Paper provided by Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen in its series Ruhr Economic Papers with number 0179.

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Length: 32 pages
Date of creation: Mar 2010
Date of revision:
Handle: RePEc:rwi:repape:0179

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Related research

Keywords: Afriat’s theorem; deterministic preferences; decisions under risk; experimental economcics; nonparametric methods; revealed preference; stochastic choice;

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