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Resumen de The use of revealed preference in a fuzzy setting. Some preliminary results

E.E. Haven

  • The Weak Axiom of Revealed Preference (WARP) is an important axiom in microeconomic theory. This paper discusses the topic in a fuzzy setting. Using simple concepts of fuzzy mathematics, we show that although we violate WARP we can still be declared rational up to some degree. This is a useful result. The paper discusses how we could properly define, within a fuzzy setting, a "Greatest set". The choice function is defined and equated to the nearest Maximal set or to the nearest Greatest set, both of which are "crisp" sets. A simple formulation is proposed, which may enable us to assert degrees of rationality even tough we violate WARP


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