This paper develops a revealed preference theory for the equity premium around
macroeconomic announcements. Stock returns realized around pre‐scheduled …

Perturbed utility functions—the sum of expected utility and a nonlinear perturbation function—
provide a simple and tractable way to model various sorts of stochastic choice. We provide …

Decision makers, such as doctors, judges, and managers, make consequential choices
based on predictions of unknown outcomes. Do these decision makers make systematic …

This article reviews recent developments in revealed preference theory. It discusses the
testable implications of theories of choice that are germane to specific economic …

In the rapidly transforming landscape of urban transportation, Mobility-as-a-Service (MaaS)
has emerged as a potentially transformative solution to adapt to fluctuating travel demand …

A consumer is considered as a person or a group of people who uses purchased goods,
products, or services only for personal use, and not for manufacturing or resale. Consumers …

The principle of revealed preference is the backbone of structural empirical work on
consumer demand. It focuses on what we can learn about the processes by which economic …

We develop a nonparametric method, called Generalized Restriction of Infinite Domains
(GRID), for testing the consistency of budgetary choice data with models of choice under risk …

We develop a behavioral axiomatic characterization of subjective expected utility (SEU)
under risk aversion. Given is an individual agent's behavior in the market: assume a finite …

The Allais critique of expected utility theory (EUT) has led to the development of theories of
choice under risk that relax the independence axiom, but which adhere to the conventional …