The Revealed Prfeference Theory has been propunded by Prof.Samuelson. This theory has been based upon behaviorial ordinal oproach.This theory known as Consumption theory and different from Hicks and Marshall utility theory of the demand.
A hypothesis is the first step to elaborate a theory; it is not a true explanation.
A theory
Theory
scientific theory
Which theory sound like an explanation that Bismarck might give
Stated preference refers to what consumers say they prefer, while revealed preference is based on their actual choices and behavior. Stated preference is based on surveys or hypothetical scenarios, while revealed preference is observed through real-life actions such as purchasing decisions.
A hypothesis is the first step to elaborate a theory; it is not a true explanation.
Explanation
when most people begin to agree on a single explanation , the explanation is called a theory
A theory
scientific theory
need a simple explanation of Euclids theory.
Theory
the word for a logical explanation is a theory :D
Which theory sound like an explanation that Bismarck might give
theory
A theoretical explanation is an explanation of some phenomena. The term "theory" as it is used in science is different than the one used in everyday discourse. The everyday term has more in common with a "hypothesis", a theory is just an overarching term for an explanation.