Econometrica Vol. 55 No. 1 1987
Intransitive Indifference and Revealed Preference
Abstract
In recent years, preferences without transitive indifference have been much discussed in consumer theory.Surprisingly, we can show that their singleton valued choice functions turn out to be indistinguishable from those of classical transitive preferences.Let 2: be a preference relation on any set X, with choice function h.We prove that J: is reflexive, total, and semitransitive (or pseudotransitive) if and only if h satisfies the Strong Axiom of Revealed Preference.It follows that choice behavior generated by classical transitive preferences is indistinguishable from that generated by the more general preferences discussed in [2J, [3J, [4J, and [10J.INTRANSITIVE INDIFFERENCE AND REVEALED PREFERENCEl by
- DOI
- 10.2307/1911162
- Volume
- 55
- Issue
- 1
- Pages
- 163
- Sources
- bibtex:phds-export.bib crossref openalex