CSS Forums - consumer behaviour

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consumer behaviour

can any one plz guide that which consumer behaviour approach is more superior out of indifference curve approach and revealed preference approach
plz do guide me i am really confused

[QUOTE=maria anum;575889]can any one plz guide that which consumer behaviour approach is more superior out of indifference curve approach and revealed preference approach
plz do guide me i am really confused[/QUOTE]

revealed preference theory is not used by economist anymore because of its tricky method... secondly it has no further applications... whereas ic approach is concerned; it is easy to understand, is applied in firm behaviour as isoquants, gives you the idea of MRS which is again used as MRTS as well as in PFF, hope that helped you...