消费者(大致)理性吗?转移举证责任

IF 7.6 1区 经济学 Q1 ECONOMICS
L. Cherchye, T. Demuynck, B. De Rock, Joshua Lanier
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引用次数: 0

摘要

在非参数揭示偏好条件的基础上,我们对(近似)效用最大化假设进行了统计检验。我们认为消费者的行为是随机的,只有当数据提供了足够的证据来支持近似效用最大化的替代假设时,我们才会拒绝这个假设。我们的统计测试使用排列方法来操作随机消费行为的原理。我们证明了我们的检验(i)对零下的任何样本大小都有效,并且(ii)具有1的渐近幂。我们还提供了模拟功率结果和两个经验应用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Are Consumers (Approximately) Rational? Shifting the Burden of Proof
We present a statistical test for the hypothesis of (approximate) utility maximization on the basis of nonparametric revealed preference conditions. We take as null hypothesis that the consumer behaves randomly, and we reject this hypothesis only if the data provides sufficient evidence to support the alternative hypothesis of approximate utility maximization. Our statistical test uses a permutation method to operationalize the principle of random consumption behavior. We show that our test (i) is valid for any sample size under the null and (ii) has an asymptotic power of one. We also provide simulated power results and two empirical applications.
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来源期刊
CiteScore
8.50
自引率
0.00%
发文量
175
期刊介绍: The Review of Economics and Statistics is a 100-year-old general journal of applied (especially quantitative) economics. Edited at the Harvard Kennedy School, the Review has published some of the most important articles in empirical economics.
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