Jump to ContentJump to Main Navigation
The Foundations of Positive and Normative EconomicsA Hand Book$
Users without a subscription are not able to see the full content.

Andrew Caplin and Andrew Schotter

Print publication date: 2008

Print ISBN-13: 9780195328318

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195328318.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 19 June 2019

On two Points of View Regarding revealed Preference and behavioral Economics

On two Points of View Regarding revealed Preference and behavioral Economics

Chapter:
(p.95) Chapter 4 On two Points of View Regarding revealed Preference and behavioral Economics
Source:
The Foundations of Positive and Normative Economics
Author(s):

RAN SPIEGLER

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195328318.003.0004

Certain methodological debates regarding behavioral economics seem to involve, more often than not, the notion of revealed preferences. As part of philosophical tradition, the principle of revealed preference entails how restrictions are handled when practiced professionally. This principle came about during a time when choice was not the only relevant factor in selecting a consumption bundle from a budget set. This principle implies that an economist's view is valid only when the utility functions are distinguishable from a pool of choices that are essential in taking on a policy issue. As one can observe that economists' attitudes appear to influence their views and opinions on paternalistic policies and how they evaluate specific economic models, this chapter takes a closer look at this linkage through examining its other aspects.

Keywords:   methodological debates, philosophical tradition, utility function, revealed preferences, choice, economic policy

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .