Revealed preference
id:
revealed-preference-248-12696252
title:
Revealed preference
text:
Revealed preference theory, pioneered by economist Paul Anthony Samuelson in 1938, is a method of analyzing choices made by individuals, mostly used for comparing the influence of policies on consumer behavior. Revealed preference models assume that the preferences of consumers can be revealed by their purchasing habits. Revealed preference theory arose because existing theories of consumer demand were based on a diminishing marginal rate of substitution (MRS). This diminishing MRS relied on the
brand slug:
wiki
category slug:
encyclopedia
description:
Economic concept
original url:
https://en.wikipedia.org/wiki/Revealed_preference
date created:
date modified:
2024-04-20T16:17:50Z
main entity:
{"identifier":"Q1323737","url":"https://www.wikidata.org/entity/Q1323737"}
image:
fields total:
13
integrity:
14