Beschreibung:
On falsmability of consumer theory In this paper, we consider some recent evolutions in consumer theory, from a methodological viewpoint. Specifically, we first argue that a number of (traditional) difficulties may reduce the degree of falsifiability of the theory. We then advocate that some new developments may help solving these problems.
On falsmability of consumer theory In this paper, we consider some recent evolutions in consumer theory, from a methodological viewpoint. Specifically, we first argue that a number of (traditional) difficulties may reduce the degree of falsifiability of the theory. We then advocate that some new developments may help solving these problems.