Resumen de The money pump as a measure of revealed preference violations: : A comment.
Bart Smeulders, Laurens Cherchye, Bram De Rock, Frits C.R. Spieksma
The article presents the authors' opinions regarding a study entitled "The Money Pump as a Measure of Revealed Preference Violations" by Echenique, Lee, and Shum from a previous issue. Topics include the money pump index (MPI) based on the axioms of choice for rational consumer behavior, standard revealed preference tests, and the generalized axiom of revealed preference.
