About:
Prest is an open-source and user-friendly Windows, macOS & GNU/Linux desktop application
for rational & bounded-rational revealed preference analysis.
It can be used to analyze choice datasets created by economists, psychologists and marketing researchers.
Its key novelties pertain to general datasets where choice alternatives are discrete.
Prest allows for estimating non-parametrically the decision maker's preferences from such general datasets.
It does so by finding out how "close" the observed choices are to being explainable by utility maximization or some more general model.
In this way, Prest recovers both the individual's decision rule and their preferences conditional on that rule.
Reference:
Georgios Gerasimou and Matúš Tejiščák (2018) "Prest: Open-source software for computational revealed preference analysis",
Journal of Open Source Software, 3(30), 1015,
doi:10.21105.joss.01015.
Declarations:
1. Prest is open-source software and its latest version will always be available online for free.
2. Prest does not collect any data entered by its users.
Links:
You can find Prest's download links, detailed documentation and example datasets in
You can also find the source code in
https://github.com/prestsoftware/prest
Core program language: Rust
Graphical user interface language: Python
You are welcome to send us pull requests or suggestions for new features.