Revealed Preference, Afriat’s Theorem, and Falsifiability: A Review Essay on Revealed Preference Theory by Christopher Chambers and Federico Echenique

Douglas Wade Hands

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Decision-Making and Behavioral Economics Game Theory and Voting Systems Economic theories and models

Abstract

I can tell you of an important new result I got recently. I have what I suppose to be a completely general treatment of the revealed preference problem, which will give a fresh setting for the related work of Samuelson-Houthakker-Uzawa. Calculus methods are unavailable. The methods are set-theoretic or algebraical. (Letter from Sidney Afriat to Oskar Morgenstern June 4, 1964)Revealed preference theory just isn’t what it used to be. Well, it still is what it used to be, but it is now much mor...

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References

1954Existence of an Equilibrium for a Competitive Economy 1959The Logic of Scientific Discovery 1997Back to Bentham? Explorations of Experienced Utility 1938A Note on the Pure Theory of Consumer's Behaviour 1982The Nonparametric Approach to Demand Analysis 1967The Construction of Utility Functions from Expenditure Data 1963Conjectures and Refutations 1950Revealed Preference and the Utility Function

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