Matthew Polisson
Professor of Economics
University of Leicester
University of Leicester
Research Fields
Applied Microeconomics, Microeconomic Theory
Recent Research Papers
Rationalizability, Cost-Rationalizability, and Afriat's Efficiency Index (with John K.-H. Quah), 2024. Establishes a definitional equivalence between rationalizability and cost-rationalizability under mild conditions, as well as an observational equivalence within the context of finite data, furnishing support for a natural interpretation of Afriat's (1973) critical cost efficiency index (CCEI). Working Paper: arXiv:2406.10136.
Ever Since Allais (with Aluma Dembo, Shachar Kariv, and John K.-H. Quah), 2024. Reports an experiment that nonparametrically tests the entire set of axioms on which expected utility theory (EUT) is based, and finds that within-subjects departures from independence are small relative to departures from ordering (completeness and transitivity) and/or monotonicity with respect to first-order stochastic dominance (FOSD). Working Paper: DKPQ 2024. Appendix. [Revise and Resubmit, 2nd Round, Journal of Political Economy]
Money Pumps and Bounded Rationality (with Joshua Lanier and John K.-H. Quah), 2024. Explores money pumps in relation to (departures from) economic rationality. Working Paper: arXiv:2404.04843.