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Revealed Preferences and Utility Functions
www.pitt.eduRevealed Preferences and Utility Functions Lecture 2, 29 August Econ 2100 Fall 2018 Outline 1 Weak Axiom of Revealed Preference 2 Equivalence between Axioms and Rationalizable Choices. 3 An Application: the Law of Compensated Demand. 4 Utility Function