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A simple test of Richter-rationality

Author

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  • Marc-Arthur Diaye

    () (CEE - Centre d'études de l'emploi - M.E.N.E.S.R. - Ministère de l'Éducation nationale, de l’Enseignement supérieur et de la Recherche - Ministère du Travail, de l'Emploi et de la Santé)

  • Michal Wong-Urdanivia

    () (CES - Centre d'économie de la Sorbonne - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

We propose in this note a simple non-parametric test of Richter-rationality 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's data sets.

Suggested Citation

  • Marc-Arthur Diaye & Michal Wong-Urdanivia, 2006. "A simple test of Richter-rationality," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00084390, HAL.
  • Handle: RePEc:hal:cesptp:halshs-00084390
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00084390
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    References listed on IDEAS

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    More about this item

    Keywords

    variable intervals functions; GARP; choice functions; Richter-rationality; variable intervals functions.;

    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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