This article is cited in 9 papers

Computational methods and algorithms

The value of nonrationality for consumer behavior and generalized nonparametric method

L. Ya. Pospelova, A. A. Shananin

Dorodnitsyn Computing Centre of the Russian Academy of Sciences

Abstract: The generalization of nonparametric method of demand and price indices construction for the case of nonrational consumer behavior is investigated. We consider the relationships between the characteristics of nonrationality consumer behavior. We construct the utility tree by means of approximated nonparametric method based on the using the characteristic of nonrationality.

Received: 02.02.1998