Choice Consistency

Prest allows users to analyze general deterministic, general stochastic, and budgetary datasets for their degree of consistency with respect to several economic rationality axioms/criteria.

• Deterministic Consistency Criteria for General Datasets
  • Contraction Consistency
  • Weak Axiom of Revealed Preference - WARP
  • Congruence / Strong Axiom of Revealed Preference
  • Strict Choice Consistency
  • Binary Choice Transitivity
  • Binary Choice Consistency
  • Strict Binary Choice Consistency
  • Additional Features: Cyclic Tuples
    • Cyclic tuples of menus
    • Cyclic tuples of alternatives
• Stochastic Consistency Criteria for General Datasets
  • Weak Stochastic Transitivity
  • Moderate Stochastic Transitivity
  • Strong Stochastic Transitivity
  • Regularity
• Consistency Criteria for Budgetary Datasets
  • Weak Axiom of Revealed Preference - WARP
  • Strong Axiom of Revealed Preference - SARP
  • Generalized Axiom of Revealed Preference - GARP
  • Houtman-Maks index - HM