Choice Consistency

Prest allows users to analyze both general and budgetary datasets for their degree of consistency with respect to several axioms/criteria that are prominent in the revealed-preference literature.

• Consistency Criteria for General Datasets
  • Weak Axiom of Revealed Preference - WARP
  • Congruence
  • Strict Choice Consistency
  • Strict Binary Choice Consistency
  • Binary Choice Consistency
  • Additional Features: Inconsistent Tuples
    • Inconsistent tuples of menus
    • Inconsistent tuples of alternatives
• 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