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Testing Consumer Rationality Using Perfect Graphs and Oriented Discs
[chapter]
2015
Lecture Notes in Computer Science
Given a consumer data-set, the axioms of revealed preference proffer a binary test for rational behaviour. A natural (non-binary) measure of the degree of rationality exhibited by the consumer is the minimum number of data points whose removal induces a rationalisable data-set. We study the computational complexity of the resultant consumer rationality problem in this paper. We explain how to formulate this problem in terms of a directed revealed preference graph and show, for markets with a
doi:10.1007/978-3-662-48995-6_14
fatcat:2lw4qsdltvenrj63n35jlr7omi