Abstract
The note puts forward the idea of revealed desirability, a novel instrument, which like revealed preference is observable from choice and important for individual and social welfare. We provide the axiomatic underlying individual’s choice model, preliminary experimental results that support the idea, and an appealing allocation rule that uses the revealed desirability information along with the revealed-preference information.
| Original language | English |
|---|---|
| Pages (from-to) | 649-661 |
| Number of pages | 13 |
| Journal | Theory and Decision |
| Volume | 93 |
| Issue number | 4 |
| DOIs | |
| State | Published - 1 Nov 2022 |
| Externally published | Yes |
Keywords
- Allocation rules
- Desirability
- Nonforced choice
- Revealed preference
ASJC Scopus subject areas
- General Decision Sciences
- Developmental and Educational Psychology
- Arts and Humanities (miscellaneous)
- Applied Psychology
- General Social Sciences
- General Economics, Econometrics and Finance
- Computer Science Applications