SMU SOE Seminar (Nov 23, 2017): Coarse Revealed Preference

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ABSTRACT We identify necessary and sufficient conditions under which a coarse data set can be rationalizable by a linear order. A coarse data set O is a tuple {(Ai,Bi)}ⁿ_i=1 where A_i is a feasible set and B_i is a nonempty subset of A_i for each i. A coarse data set is rationalizable by a linear order if, for each i, the maximal element in A_iaccording to the linear order is contained in B_i. We apply our theory to investigate the observable restrictions of economic models including (i) revealed preference with imperfect observation; (ii) multiple preferences; (iii) revealed attention with incomplete data; and (iv) minimax regret. We also extend our analysis to cover weak orders. Click here to view his CV.
		PRESENTER Jiangtao Li University of New South Wales
		RESEARCH FIELDS Microeconomic Theory
		DATE: 23 November 2017 (Thursday)
		TIME: 4pm - 5.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903