Mathematics, 20.04.2020 22:53 kittycat92
If the a choice structure (B, C(Ā·)) satisfies the weak axiom of revealed preference and B includes all subsets of the choice set X up to three elements, then there is a rational preference relation ā„ such that C(B) = Cā(B, ) for all B ā B where Cā(B, ā„) = {x ā B : x ā„ y for every y ā B}.
True or False?
Answers: 1
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If the a choice structure (B, C(Ā·)) satisfies the weak axiom of revealed preference and B includes a...
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