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behavioral economics 3- Consider the statement if b e C({b, 0}) and a. E; b then a. E C({a, b, c}). Is this implied by

behavioral economics

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3- Consider the statement \"if b e C({b, 0}) and a. E; b then a. E C({a, b, c})\". Is this implied by the maximization of a preference? Is it implied by the maxi- mization of a transitive preference? (Provide a proof or a counterexample). Is the statement a testable implication of either? [3+3+2 points]

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