Revealed Preference Theory and Normative Economics: can preference indicate welfare?
The last post has briefly surveyed the methodological linkage between preferences and choice. The aim of this post – the 2nd in our posts on…
Revealed Preference Theory re-examined (1): Can preference indicate choice?
A well-known phenomenon with Ph.D. students is that they often push so hard on writing something new, that they forget the basics. A similar thing…
Continue reading → Revealed Preference Theory re-examined (1): Can preference indicate choice?
