# Revealed preferences over risk and uncertainty

## Author

## Abstract

## Suggested Citation

**Revealed preferences over risk and uncertainty**," IFS Working Papers W15/25, Institute for Fiscal Studies.

*RePEc:ifs:ifsewp:15/25*

## Download full text from publisher

## Other versions of this item:

- Matthew Polisson & John K.-H. Quah & Ludovic Renou, 2020.
"
**Revealed Preferences over Risk and Uncertainty**," American Economic Review, American Economic Association, vol. 110(6), pages 1782-1820, June.

- Matthew Polisson & John K.-H. Quah & Ludovic Renou, 2017.
"
**Revealed preferences over risk and uncertainty**," Working Papers 822, Queen Mary University of London, School of Economics and Finance. - Matthew Polisson & John K.-H. Quah & Ludovic Renou, 2017.
"
**Revealed preferences over risk and uncertainty**," Discussion Paper Series, School of Economics and Finance 201706, School of Economics and Finance, University of St Andrews, revised 16 Apr 2019.

## References listed on IDEAS

- Hiroki Nishimura & Efe A. Ok & John K.-H. Quah, 2017.
"
**A Comprehensive Approach to Revealed Preference Theory**," American Economic Review, American Economic Association, vol. 107(4), pages 1239-1263, April.- John Quah & Hiroki Nishimura & Efe A. Ok, 2015.
"
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"
**A Comprehensive Approach to Revealed Preference Theory**," Working Papers 201614, University of California at Riverside, Department of Economics.

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"
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**Advances in Prospect Theory: Cumulative Representation of Uncertainty**," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October. - Varian, Hal R, 1988.
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**Estimating Risk Aversion from Arrow-Debreu Portfolio Choice**," Econometrica, Econometric Society, vol. 56(4), pages 973-979, July. - Quiggin, John, 1982.
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**A theory of anticipated utility**," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 323-343, December.

**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.
**Cited by:**

- Marco Castillo & David L. Dickinson & Ragan Petrie, 2017.
"
**Sleepiness, choice consistency, and risk preferences**," Theory and Decision, Springer, vol. 82(1), pages 41-73, January.- Castillo, Marco & Dickinson, David L. & Petrie, Ragan, 2014.
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**Sleepiness, Choice Consistency, and Risk Preferences**," IZA Discussion Papers 8709, Institute of Labor Economics (IZA).

- Castillo, Marco & Dickinson, David L. & Petrie, Ragan, 2014.
"
- Echenique, Federico & Imai, Taisuke & Saito, Kota, 2018.
"
**Approximate Expected Utility Rationalization**," Rationality and Competition Discussion Paper Series 103, CRC TRR 190 Rationality and Competition.- Federico Echenique & Kota Saito & Taisuke Imai, 2021.
"
**Approximate Expected Utility Rationalization**," Papers 2102.06331, arXiv.org.

- Federico Echenique & Kota Saito & Taisuke Imai, 2021.
"
- Matthew Polisson, 2018.
"
**A Lattice Test for Additive Separability**," Discussion Paper Series, School of Economics and Finance 201801, School of Economics and Finance, University of St Andrews.- Matthew Polisson, 2018.
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**A lattice test for additive separability**," IFS Working Papers W18/08, Institute for Fiscal Studies.

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**Misfortune and Mistake: The Financial Conditions and Decision-making Ability of High-cost Loan Borrowers**," NBER Working Papers 26328, National Bureau of Economic Research, Inc. - Demuynck, Thomas & Hjertstrand, Per, 2019.
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**Samuelson's Approach to Revealed Preference Theory: Some Recent Advances**," Working Paper Series 1274, Research Institute of Industrial Economics.- Thomas Demuynck & Per Hjertstrand, 2020.
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**Samuelson’s Approach to Revealed Preference Theory: Some Recent Advances**," ULB Institutional Repository 2013/314701, ULB -- Universite Libre de Bruxelles.

- Thomas Demuynck & Per Hjertstrand, 2020.
"
- Hiroki Nishimura & Efe A. Ok & John K.-H. Quah, 2017.
"
**A Comprehensive Approach to Revealed Preference Theory**," American Economic Review, American Economic Association, vol. 107(4), pages 1239-1263, April.- John Quah & Hiroki Nishimura & Efe A. Ok, 2015.
"
**A Comprehensive Approach to Revealed Preference Theory**," Economics Series Working Papers 752, University of Oxford, Department of Economics. - Hiroki Nishimura & Efe A. Ok & John K.-H. Quah, 2016.
"
**A Comprehensive Approach to Revealed Preference Theory**," Working Papers 201614, University of California at Riverside, Department of Economics.

- John Quah & Hiroki Nishimura & Efe A. Ok, 2015.
"
- Mikhail Freer & Cesar Martinelli, 2020.
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**An Algebraic Approach to Revealed Preference**," Working Papers 1078, George Mason University, Interdisciplinary Center for Economic Science. - Polisson, Matthew & Renou, Ludovic, 2016.
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**Afriat’s Theorem and Samuelson’s ‘Eternal Darkness’**," Journal of Mathematical Economics, Elsevier, vol. 65(C), pages 36-40.- Matthew Polisson & Ludovic Renou, 2016.
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**Afriat's Theorem and Samuelson's `Eternal Darkness'**," Discussion Papers in Economics 16/09, Division of Economics, School of Business, University of Leicester.

- Matthew Polisson & Ludovic Renou, 2016.
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**Relaxed Optimization: e-Rationalizability and the FOC-Departure Index in Consumer Theory**," Working Papers 2020-07, Brown University, Department of Economics. - Stefania Minardi & Andrei Savochkin, 2017.
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**Characterizations of Smooth Ambiguity Based on Continuous and Discrete Data**," Mathematics of Operations Research, INFORMS, vol. 42(1), pages 167-178, January. - Daniel R. Burghart, 2020.
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**The two faces of independence: betweenness and homotheticity**," Theory and Decision, Springer, vol. 88(4), pages 567-593, May.- Daniel R. Burghart & Thomas Epper & Ernst Fehr, 2014.
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**The two faces of independence: betweenness and homotheticity**," ECON - Working Papers 179, Department of Economics - University of Zurich.

- Daniel R. Burghart & Thomas Epper & Ernst Fehr, 2014.
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- Mikhail Freer & Cesar Martinelli, 2018.
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**A Functional Approach to Revealed Preference**," Working Papers 1070, George Mason University, Interdisciplinary Center for Economic Science.- Mikhail Freer & Cesar Martinelli, 2018.
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**A Functional Approach to Revealed Preference**," Working Papers ECARES 2018-29, ULB -- Universite Libre de Bruxelles.

- Mikhail Freer & Cesar Martinelli, 2018.
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- Drew Fudenberg & Wayne Gao & Annie Liang, 2020.
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**How Flexible is that Functional Form? Quantifying the Restrictiveness of Theories**," Papers 2007.09213, arXiv.org. - Echenique, Federico & Imai, Taisuke & Saito, Kota, 2018.
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**Approximate Expected Utility Rationalization**," Rationality and Competition Discussion Paper Series 103, CRC TRR 190 Rationality and Competition.- Federico Echenique & Taisuke Imai & Kota Saito, 2018.
"
**Approximate Expected Utility Rationalization**," CESifo Working Paper Series 7348, CESifo. - Federico Echenique & Kota Saito & Taisuke Imai, 2021.
"
**Approximate Expected Utility Rationalization**," Papers 2102.06331, arXiv.org.

- Federico Echenique & Taisuke Imai & Kota Saito, 2018.
"
- Federico Echenique & Taisuke Imai & Kota Saito, 2019.
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**Decision Making under Uncertainty: An Experimental Study in Market Settings**," Papers 1911.00946, arXiv.org, revised Dec 2019. - Thomas Demuynck & Clément Staner, 2020.
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**An Efficient Revealed Preference Test for the Maxmin Expected Utility Model**," Working Papers ECARES 2020-31, ULB -- Universite Libre de Bruxelles. - Cesar Martinelli & Mikhail Freer, 2016.
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**General Revealed Preferences**," Working Papers 1059, George Mason University, Interdisciplinary Center for Economic Science, revised Jun 2016. - Mikhail Freer & Cesar Martinelli, 2018.
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**A Functional Approach to Revealed Preference**," Working Papers 1070, George Mason University, Interdisciplinary Center for Economic Science.- Mikhail Freer & Cesar Martinelli, 2018.
"
**A Functional Approach to Revealed Preference**," iCite Working Papers 2018-29, ULB -- Universite Libre de Bruxelles.

- Mikhail Freer & Cesar Martinelli, 2018.
"
- Michele Garagnani, 2020.
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**The predictive power of risk elicitation tasks**," ECON - Working Papers 362, Department of Economics - University of Zurich. - Lanier, Joshua & Miao, Bin & Quah, John & Zhong, Songfa, 2018.
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**Intertemporal Consumption with Risk: A Revealed Preference Analysis**," MPRA Paper 86263, University Library of Munich, Germany.- Lanier, Joshua & Miao, Bin & Quah, John & Zhong, Songfa, 2018.
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**Intertemporal Consumption with Risk: A Revealed Preference Analysis**," MPRA Paper 101407, University Library of Munich, Germany.

- Lanier, Joshua & Miao, Bin & Quah, John & Zhong, Songfa, 2018.
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- Federico Echenique, 2019.
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**New developments in revealed preference theory: decisions under risk, uncertainty, and intertemporal choice**," Papers 1908.07561, arXiv.org, revised Dec 2019. - Laurens Cherchye & Thomas Demuynck & Bram De Rock & Joshua Lanier, 2020.
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**Are Consumers Rational ?Shifting the Burden of Proof**," Working Papers ECARES 2020-19, ULB -- Universite Libre de Bruxelles. - Kubler, Felix & Selden, Larry & Wei, Xiao, 2020.
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**Incomplete market demand tests for Kreps-Porteus-Selden preferences**," Journal of Economic Theory, Elsevier, vol. 185(C).

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## More about this item

### Keywords

Expected utility; rank dependent utility; maxmin expected utility; variational preferences; generalized axiom of revealed preference;All these keywords.

### JEL classification:

**C14**- Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General**C60**- Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General**D11**- Microeconomics - - Household Behavior - - - Consumer Economics: Theory**D12**- Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis**D81**- Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

### NEP fields

This paper has been announced in the following NEP Reports:- NEP-MIC-2015-11-01 (Microeconomics)

### Statistics

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