Ken walks into a restaurant. WAITER: Good afternoon, sir. The specials today are roast lamb and baked
Question:
Ken walks into a restaurant.
WAITER: Good afternoon, sir. The specials today are roast lamb and baked trout.
KEN: I’d like the lamb, please.
WAITER: I almost forgot. We also have lobster thermidor.
KEN: In that case, I’ll have the trout, please.
What standard property of decision-making is Ken violating? (Hint: reread the section on Arrow’s impossibility theorem.) Is Ken necessarily being irrational? (Hint:
what information is revealed by the fact that the chef is able to prepare lobster thermidor?)
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