説明
<jats:title>Abstract</jats:title><jats:p>This chapter emphasizes the utility maximization of Samuelson's Revealed Preference Theory. It looks for consistency, form, forecasting, and recoverability criteria within the theory. It concludes that the strong axiom is necessary and sufficient for utility maximization, as well as rich in empirical content. The logic of the strong axiom runs as follows: If A reveals itself to be ‘better than’ B, and if B reveals itself to be ‘better than’ C, and if C reveals itself to be ‘better than’ D, and so on, then the theory of revealed preference is formulated. Furthermore, say that A can be defined to be ‘revealed to be better than’ Z, as the last in the chain. In such cases, it is postulated that Z must never be revealed to be better than A.</jats:p>
収録刊行物
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- Samuelsonian Economics and the Twenty-First Century
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Samuelsonian Economics and the Twenty-First Century 99-115, 2006-08-24
Oxford University PressOxford
