Question
A preference relation is said to be semi-rational if (i) is complete, and (ii) strict preference > is transitive. Lets again consider preferences over three
A preference relation is said to be semi-rational if (i) is complete, and (ii) strict preference > is transitive. Lets again consider preferences over three kinds of ice cream: Ben&Jerry (B), Hagen-Dazs (H) and Klondike (K). Give an example of a semi-rational preference relation which is not rational.
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The American Economy
Authors: Walter Greason, William Gorman
1st Edition
1524902675, 9781524902674
