2019
DOI: 10.1016/j.ejor.2018.04.026
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Revealed preference theory: An algorithmic outlook

Abstract: Revealed preference theory is a domain within economics that studies rationalizability of behavior by (certain types of) utility functions. Given observed behavior in the form of choice data, testing whether certain conditions are satisfied gives rise to a variety of computational problems that can be analyzed using operations research techniques. In this survey, we provide an overview of these problems, their theoretical complexity, and available algorithms for tackling them. We focus on consumer choice setti… Show more

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Cited by 10 publications
(5 citation statements)
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“…In decision theory there are numerous studies (see the review given by Smeulders et al 2019) that build value functions starting from the information gathered by the choices of one or more decision makers. This approach is developed especially by studies interested in multiple criteria decision analysis (Belton & Stewart, 2002;Bouyssou et al, 2000).…”
Section: Analysis Of Citizens' Valuesmentioning
confidence: 99%
“…In decision theory there are numerous studies (see the review given by Smeulders et al 2019) that build value functions starting from the information gathered by the choices of one or more decision makers. This approach is developed especially by studies interested in multiple criteria decision analysis (Belton & Stewart, 2002;Bouyssou et al, 2000).…”
Section: Analysis Of Citizens' Valuesmentioning
confidence: 99%
“…Sertkan et al [35] stated that eliciting tourists' preferences and needs is a challenge, as people often have difficulty expressing them explicitly, especially in the initial phase of trip planning. Smeulders et al [36] expose the importance of preferences and that each choice tells us something about the decision maker. In other words, choices reveal preferences and thus provide information about an underlying utility function.…”
Section: Preferences In Experiential Fishing Tourismmentioning
confidence: 99%
“…Sebagai seorang manajer dalam usahaternak, peternak merupakan individu yang memiliki karakteristik internal yang secara subjektif bebas berfikir, bersikap dan menentukan pilihannya dalam berusaha. Teori preferensi digunakan dalam ilmu ekonomi untuk mempelajari rasionalitas perilaku konsumen (Smeulders et al, 2019). Holdershaw dan Gendall (2008) mengatakan bahwa sikap memainkan peran penting dalam teori perilaku manusia sebagai mata rantai penting antara apa yang seseorang pikirkan dan apa yang mereka lakukan.…”
Section: Pendahuluanunclassified