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The Axiomatic Structure of Empirical Content

Author

Listed:
  • Christopher P. Chambers
  • Federico Echenique
  • Eran Shmaya

Abstract

We define the empirical content of an economic theory as the least restrictive observationally equivalent theory. We show that the empirical content of a theory is captured by a certain kind of axiomatization, with axioms that are universal negations of conjunctions of atomic formulae.

Suggested Citation

  • Christopher P. Chambers & Federico Echenique & Eran Shmaya, 2014. "The Axiomatic Structure of Empirical Content," American Economic Review, American Economic Association, vol. 104(8), pages 2303-2319, August.
  • Handle: RePEc:aea:aecrev:v:104:y:2014:i:8:p:2303-19
    Note: DOI: 10.1257/aer.104.8.2303
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    References listed on IDEAS

    as
    1. Chambers,Christopher P. & Echenique,Federico, 2016. "Revealed Preference Theory," Cambridge Books, Cambridge University Press, number 9781107087804, July - De.
    2. Kreps, David M, 1979. "A Representation Theorem for "Preference for Flexibility"," Econometrica, Econometric Society, vol. 47(3), pages 565-577, May.
    3. Munawar Iqbal & David T. Llewellyn, 2002. "Introduction," Chapters,in: Islamic Banking and Finance, chapter 1 Edward Elgar Publishing.
    4. Gilboa,Itzhak, 2009. "Theory of Decision under Uncertainty," Cambridge Books, Cambridge University Press, number 9780521741231.
    5. Burkhard C. Schipper, 2009. "How mindless is standard economics really?," Working Papers 14, University of California, Davis, Department of Economics.
    6. repec:spr:lnecms:978-3-540-76591-2 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Ian Crawford & Bram De Rock, 2014. "Empirical Revealed Preference," Annual Review of Economics, Annual Reviews, vol. 6(1), pages 503-524, August.
    2. repec:eee:gamebe:v:111:y:2018:i:c:p:217-221 is not listed on IDEAS
    3. Mikhail Freer & Cesar Martinelli, 2018. "A Representation Theorem for General Revealed Preference," Working Papers ECARES 2018-28, ULB -- Universite Libre de Bruxelles.
    4. Christopher J. Tyson, 2017. "Rationalizability of Menu Preferences," Working Papers 819, Queen Mary University of London, School of Economics and Finance.
    5. repec:spr:joecth:v:65:y:2018:i:4:d:10.1007_s00199-017-1043-2 is not listed on IDEAS
    6. Chambers, Christopher P. & Liu, Ce & Martinez, Seung-Keun, 2016. "A test for risk-averse expected utility," Journal of Economic Theory, Elsevier, vol. 163(C), pages 775-785.
    7. Mikhail Freer & Cesar Martinelli, 2018. "A Functional Approach to Revealed Preference," Working Papers 1070, George Mason University, Interdisciplinary Center for Economic Science.
    8. Mikhail Freer & Cesar Martinelli, 2018. "A Functional Approach to Revealed Preference," Working Papers 1070, George Mason University, Interdisciplinary Center for Economic Science.
    9. Federico Echenique, 2019. "New developments in revealed preference theory: decisions under risk, uncertainty, and intertemporal choice," Papers 1908.07561, arXiv.org.
    10. Ronen Gradwohl & Eran Shmaya, 2013. "Tractable Falsifiability," Discussion Papers 1564, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    11. Chambers, Christopher P. & Echenique, Federico & Shmaya, Eran, 2017. "General revealed preference theory," Theoretical Economics, Econometric Society, vol. 12(2), May.
    12. repec:kap:theord:v:83:y:2017:i:4:d:10.1007_s11238-017-9635-7 is not listed on IDEAS

    More about this item

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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