Question
If A = (apple, 1/4; orange, 3/4) B = (apple, 1), then what, if anything, does the independence axiom say about the preference between (apple,
If
A = (apple, 1/4; orange, 3/4) B = (apple, 1),
then what, if anything, does the independence axiom say about the preference between (apple, 3/8; orange, 5/8) and (apple, 3/4; orange, 1/4)?
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Managerial Economics Applications, Strategies and Tactics
Authors: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
13th edition
1285420926, 978-1285962399, 978-1285947853, 1285947851, 978-1285420929
