Chapter Three Consumer's Behavior Theory Further analysis(1) 公北家 北京大学经济学院 2005
北京大学经济学院 1 Chapter Three Chapter Three Consumer Consumer’s Behavior Theory: s Behavior Theory: Further analysis(1) Further analysis(1) © 2005
Chapter 3 includes 3.1 Revealed Preference Theory(显示性偏好理论) 3.2 Choice Under Uncertainty(不确定条件下的 选择理论) 北京大学经济学院 Slide
北京大学经济学院 Slide2 Chapter 3 includes: • 3.1 Revealed Preference Theory(显示性偏好理论) • 3.2 Choice Under Uncertainty(不确定条件下的 选择理论)
Outline of todays class Direct Preference revelation Indirect Preference Revelation Two Axioms of revealed Preference (显示性偏好的两个公理 Weak Axioms of revealed Preference (显示性偏好弱公理) Strong Axioms of revealed Preference。(显示性偏好强公理) Recovering Indifference Curves Revealed Preference Theory Application Index Numbers(指数) 北京大学经济学院 Slide 3
北京大学经济学院 Slide3 Outline of Today’s Class • Direct Preference Revelation • Indirect Preference Revelation • Two Axioms of Revealed Preference （显示性偏好的两个公理) – Weak Axioms of Revealed Preference. （显示性偏好弱公理） – Strong Axioms of Revealed Preference。（显示性偏好强公理） • Recovering Indifference Curves • Revealed Preference Theory Application: Index Numbers(指数)
Readings about the part of this chapter Zhang: Chapter 44. 1; 4.2 Nicholson: Chapter 5--P136-139 北京大学经济学院 Slide
北京大学经济学院 Slide4 Readings about the part of this chapter • Zhang: Chapter 4—4.1；4.2 • Nicholson: Chapter 5—P136-139
Revealed Preference Theory Introduction Suppose we observe the demands (consumption choices)that a consumer makes for different budgets This reveals information about the consumer's preferences We can use this information to 北京大学经济学院 Slides
北京大学经济学院 Slide5 Revealed Preference Theory: Introduction • Suppose we observe the demands (consumption choices) that a consumer makes for different budgets. • This reveals information about the consumer’s preferences. We can use this information to