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Here in these videos, we discuss the concept of revealed preference. We start by explaining what is the meaning of revealed preference and then define and explain what are WARP and SARP. We conclude this presentation by two simple numerical examples about how to check whether WARP and SARP are satisfied.
Hopefully, this presentation on revealed preference will be useful to you.
Introduction to Revealed Preference
The principle of revealed preference, direct and indirect revealed preference
Weak Axiom of Revealed Preference WARP
Checking WARP by an example
Strong Axiom of Revealed Preference (SARP) Example
