bounded rationality 1consumer theory 1money pump 1optimal transport 1revealed preference 1utility recovery 1
From the 1 of 3 linked papers with an AI index.
3 papers
econ.TH2026
Revealed preference with optimal transport: money pumps, bounded rationality, and preference recovery
Joshua Lanier, Matthew Polisson, John K. -H. Quah
The paper links consumer irrationality measured by money‑pump vulnerability to deviations from utility maximization, showing that the maximal pump amount equals the minimal overpay…
econ.GN2026
Ever since Ellsberg
Aluma Dembo, Shachar Kariv, Matthew Polisson +1
Ellsberg's famous paradox challenged Savage's subjective expected utility theory (EUT) -- which reduces uncertainty to risk -- by suggesting an aversion toward ambiguity. We provid…
econ.GN2024
Rationalizability, Cost-Rationalizability, and Afriat's Efficiency Index
Matthew Polisson, John K. -H. Quah
This note explains the equivalence between approximate rationalizability and approximate cost-rationalizability within the context of consumer demand. In connection with these resu…