2 papers
econ.TH2026
Comparative Statics of Information Acquisition and Risk Aversion
Antonio Cabrales, Gregorio Curello, Olivier Gossner +1
This paper studies how willingness to pay for information depends on risk aversion. We model a decision maker who faces background risk and can acquire information before choosing…
econ.TH2019
A Rationalization of the Weak Axiom of Revealed Preference
Victor H. Aguiar, Per Hjertstrand, Roberto Serrano +1
Given a finite collection of choices over budgets, rational consumer behavior is identified with the generalized axiom of revealed preference (GARP). As an alternative, the weak ge…