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Quarterly Journal of Economics Vol. 70 No. 4 1956

A Probabilistic Theory of Consumer Behavior

Richard E. Quandt

Princeton University

Abstract

I. The state of affairs, 507. — II. The deficiency of the Complete Ordering Axiom, 508. — III. Redefinition of preference and the choice mechanism, 510. — IV. Intransitivity, 518. — V. Expected behavior under price and income changes, 525. — VI. Conclusion, 536.

DOI
10.2307/1881863
Volume
70
Issue
4
Pages
507
Sources
openalex crossref

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