We investigate the testable implications of the theory of stable matchings. We provide a characterization of the matchings that are rationalizable as stable matchings when agents' preferences are ...

The study of preference theory and decision-making delves into how individuals and collectives assess and order alternative outcomes under conditions of uncertainty and complexity. Traditionally ...

This paper exhibits a duality between the theory of revealed preference of Afriat and the housing allocation problem of Shapley and Scarf. In particular, it is shown that Afriat's theorem can be ...

Voting theory and preference structures constitute a multifaceted field that explores the mathematical and computational foundations of collective decision-making. This area evaluates how individual ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

This article will argue for and defend the hybrid view interpretation of the preferences. To begin with “what are preferences”? As a common understanding: Preferences include personal tastes and ...

The pure time-preference theory of interest is an economic theory that seeks to explain the phenomenon of interest. American economist Frank Fetter was the best-known proponent of the pure ...

The Time Preference Theory of Interest, also known as The Agio Theory of Interest, was presented by Bohm Bawerk, who said that interest is an agio (reward) or (premium) for time preference. The Time ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...