Word.ws English Dictionary

revealed preference

revealed preference noun: a consumer preference as inferred from purchasing habits according to a theory invented by American economist Paul A. Samuelson.

Noun

revealed preference (countable and uncountable, plural revealed preferences)

  1. A consumer preference as inferred from purchasing habits according to a theory invented by American economist Paul A. Samuelson.
    • Consumption theory in terms of revealed preference1948, Paul A. Samuelson (November 1948), "Consumption theory in terms of revealed preference", Economica, New Series, 15(60):243–253, DOI:10.2307/2549561, JSTOR:2549561, page 243 (article title)
    • Thus, we observe the elderly’s revealed preference for health plan combinations with different features.1998, Katherine M. Harris and Michael P. Keane (26 November 1998 [the printed version gives the date incorrectly as 1999]), A model of health plan choice: inferring preferences and perceptions from a...
  2. (uncountable) Samuelson's theory for inferring consumer preference from purchasing habits.
    • This paper reports on an attempt to apply revealed preference to the activities of the federal government to determine the weights it attached to various macro policy goals during the Eisenhower and Kennedy-Johnson administrations.1973, Ann F. Friedlaender (February 1973), "Macro policy goals in the postwar period: a study in revealed preference", Quarterly Journal of Economics, 87(1):25–43, page 25
    • We follow a revealed preference approach, and obtain two nested models of rational choice that allow phenomena like the status quo bias and the endowment effect, and that are applicable in any choice situation to which the standard (static) choice model applies.2005, Yusufcan Masatlioglu and Efe A. Ok (March 2005), "Rational choice with status quo bias", Journal of Economic Theory, 121(1):1–29 (DOI:10.1016/j.jet.2004.03.007), page 1

revealed preference meaning in Tamil

revealed preference in Tamil

வெளிக்காட்டு விழைவு

Examples of revealed preference in a sentence

  • Knowledge of expansion paths is shown to improve the power of nonparametric tests of revealed preference.2003, Richard W. Blundell, Martin Browning, and Ian A. Crawford (January 2003), "Nonparametric Engel curves and revealed preference"...
  • And how do you think about the arguably revealed preference of wealth leading to separation that might suggest this isn’t actually what people want, maybe sometimes what they’re forced to accept.2023 June 9, Ezra Klein, “The Ezra Klein Show: What Communes and Other Radical Experiments in Living Together Reveal”, in The New York...
  • This paper documents the revealed preferences of U.S. open-end mutual funds for various stock characteristics.1996, Eric G. Falkenstein (March 1996), "Preferences for stock characteristics as revealed by mutual fund portfolio holdings", Journal of...
  • We show that if psychological preferences are incomplete then revealed preferences can be intransitive without exposing agents to manipulations or violating outcome rationality.2005, Michael Mandler (February 2005), "Incomplete preferences and rational intransitivity of choice", Games and Economic Behavior...

Forms of revealed preference

pluralrevealed preferences

Origin of revealed preference

Coined by American economist Paul Samuelson in the title of his 1948 paper expounding a theory for inferring consumer preference from purchasing habits. Samuelson first published a version of his theory ten years earlier, in a 1938 paper, but did not use the term revealed preference in the 1938 paper.

Questions about revealed preference

What does revealed preference mean?
Revealed preference means a consumer preference as inferred from purchasing habits according to a theory invented by American economist Paul A. Samuelson.
What is revealed preference in Tamil?
Revealed preference in Tamil is வெளிக்காட்டு விழைவு. See Revealed preference meaning in Tamil.
How do you use revealed preference in a sentence?
Knowledge of expansion paths is shown to improve the power of nonparametric tests of revealed preference.
What part of speech is revealed preference?
Revealed preference is a noun.
What is the plural of revealed preference?
The plural of revealed preference is revealed preferences.

Words near revealed preference in the dictionary

  1. revealable
  2. reveale
  3. revealed
  4. revealed check
  5. revealed checks
  6. revealed preference
  7. revealed preferences
  8. revealed religion
  9. revealed religions
  10. revealedly
  11. revealedness

Source and license

Adapted from Wiktionary: revealed preference (page history and authors); revealed preference (Tamil Wiktionary) (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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Cite this entry: “revealed preference.” Word.ws, https://word.ws/revealed_preference. Based on Wiktionary, CC BY-SA 4.0.