Econometrica: Jul 2021, Volume 89, Issue 4

Recovering Preferences from Finite Data
p. 1633-1664

Christopher P. Chambers, Federico Echenique, Nicolas S. Lambert

We study preferences estimated from finite choice experiments and provide sufficient conditions for convergence to a unique underlying “true” preference. Our conditions are weak and, therefore, valid in a wide range of economic environments. We develop applications to expected utility theory, choice over consumption bundles, and menu choice. Our framework unifies the revealed preference tradition with models that allow for errors.

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Supplemental Material

Supplement to "Recovering Preferences from Finite Data"

This supplemental material contains results omitted from the main paper.

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