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Absolute and Relative Time-Consistent Revealed Preferences

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Abstract

We introduce an Absolute (Relative) Time-consistent Axiom of Revealed Preference which characterizes the consistency of a choice function with the property of absolute (relative) time-consistency and impatience. The axiom requires that the absolute (relative) time-consistent and impatient closure of the revealed preference relation does not conflict with the strict revealed preference relation.

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  1. Sherppa, Ghent University, Hoveniersberg 24, B 9000, Gent, Belgium

    Thomas Demuynck

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  1. Thomas Demuynck
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Correspondence to Thomas Demuynck.

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Demuynck, T. Absolute and Relative Time-Consistent Revealed Preferences. Theory Decis 66, 283–299 (2009). https://doi.org/10.1007/s11238-007-9081-z

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  • DOI: https://doi.org/10.1007/s11238-007-9081-z

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