Revealed preference theory: an algorithmic outlook

Bart M.L. Smeulders, Yves Crama (Corresponding author), F.C.R. Spieksma

Research output: Contribution to journalReview articlepeer-review

1 Citation (Scopus)
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Abstract

Revealed preference theory is a domain within economics that studies rationalizability of behavior by (certain types of) utility functions. Given observed behavior in the form of choice data, testing whether certain conditions are satisfied gives rise to a variety of computational problems that can be analyzed using operations research techniques. In this survey, we provide an overview of these problems, their theoretical complexity, and available algorithms for tackling them. We focus on consumer choice settings, in particular individual choice, collective choice and stochastic choice settings.
Original languageEnglish
Pages (from-to)803-815
Number of pages13
JournalEuropean Journal of Operational Research
Volume272
Issue number3
DOIs
Publication statusPublished - 1 Feb 2019

Keywords

  • Computational complexity
  • Preference learning
  • Rationality axioms
  • Revealed preference
  • Utility theory

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