Abstract We present a new notion of cardinal revealed preference that exploits the expenditure information in classical consumer theory environments with finite data. We propose a new behavioral axiom, Acyclic Enticement (AE), that requires the acyclicity of the cardinal revealed-preference relation. AE is logically independent from the Weak Axiom of Revealed Preference (WARP). We show that the Generalized Axiom of Revealed Preference (GARP), which characterizes the standard rational consumer, is logically equivalent to AE and WARP. We use our axiomatic decomposition to show, in experimental and scanner consumer-panel data sets, that AE explains the majority of the predictive success of GARP. Moreover, AE taken alone is superior in predictive success to both WARP and GARP.

中文翻译：

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基本显示偏好：解开传递性和一致的二元选择

摘要 我们提出了一种新的基本显示偏好概念，该概念利用有限数据的经典消费者理论环境中的支出信息。我们提出了一个新的行为公理，即非循环诱惑（AE），它需要基本的显示偏好关系的非循环性。AE 在逻辑上独立于显示偏好弱公理 (WARP)。我们表明，表征标准理性消费者的显示偏好广义公理（GARP）在逻辑上等同于 AE 和 WARP。我们使用公理分解在实验和扫描仪消费者面板数据集中显示，AE 解释了 GARP 的大部分预测成功。此外，单独使用 AE 在预测成功方面优于 WARP 和 GARP。