Recovering Preferences From Finite Data

• 成果类型: Article
• 署名作者: Chambers, Christopher P.; Echenique, Federico; Lambert, Nicolas S.
• 署名单位: California Institute of Technology; Massachusetts Institute of Technology (MIT)
• 刊物名称: ECONOMETRICA
• ISSN/ISSBN: 0012-9682
• DOI: 10.3982/ECTA17845
• 发表日期: 2021
• 页码: 1633-1664
• 关键词: REPRESENTING PREFERENCES; CHOICE; BEHAVIOR; THEOREM

摘要

We study preferences estimated from finite choice experiments and provide sufficient conditions for convergence to a unique underlying true preference. Our conditions are weak and, therefore, valid in a wide range of economic environments. We develop applications to expected utility theory, choice over consumption bundles, and menu choice. Our framework unifies the revealed preference tradition with models that allow for errors.