Abstract
We propose and analyze a general model of simple preference intensity
comparisons. The model encompasses those that belong to the
utility-difference class, has transparent behavioural underpinnings and
features purely ordinal uniqueness properties. Its empirical content is
characterized by an easily testable condition on dual behavioural data
that include choices and additional observables with intensity-revealing
potential that are often elicited in experimental/empirical work, such
as survey ratings, response times or willingness to pay.
Original language | English |
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Article number | 105199 |
Journal | Journal of Economic Theory |
Volume | 192 |
Early online date | 15 Jan 2021 |
DOIs | |
Publication status | Published - Mar 2021 |
Keywords
- Ordinal preference intensities
- Preference intensity functions
- Revealed preference intensity