Testing rationality without restricting heterogeneity

Kawaguchi, K

Kawaguchi, K (reprint author), Hitotsubashi Univ, Grad Sch Econ, 2-1 Naka, Tokyo, Aland Islands 1868601, Japan.

JOURNAL OF ECONOMETRICS, 2017; 197 (1): 153

Abstract

I derive a necessary condition for stochastic rationalizability using a set of utility functions with a unique maximizer, which I name the strong axio......

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