Weak Axiom of Revealed Preferences
The demand function
satisfies the weak axiom of revealed preference if:
In words:
The consumer faced with
could have chosen $\funcd{x}{p^{\prime},w^{\prime}}$ but chose
, assuming the consumer chooses consistently, if $\funcd{x}{p^{\prime},\primd{w}}$ is ever chosen,
must not be affordable. Hence,