Behaviour and the Concept of Preference |
Common terms and phrases
alternatives approach of revealed argue arise assumption of revealed Axiom of Revealed behaviour pattern behaviour without reference better Buridan's ass Chinese choice and preference choose x choosing either haystack chosen y rejecting collective contract Concept of Preference concern connected preference consumer's behaviour context cultural revolution demand theory difficulties dilemma discussed equilibrium fact ference framework of revealed fundamental assumption given the choice glass bottles go to prison haviour Ian Little implications indifferent interpretation involved issue Leap Forward LONDON SCHOOL market choices moral normative economics observed Paul Samuelson people's person in question person's choices point of view possible preference and welfare preference pattern preference relation prefers x toy prisoner's problems of interdependence psychological assumptions rational choice rejecting z return bottles revealed preference revealed-preference approach revealed-preference theory rules of behaviour SCHOOL OF ECONOMICS sense social contract social responsibility theory of consumer's theory of revealed transitivity violate the Weak word preference