Question
(Midterm question, Spring 2013) Consider the following four students who make choices from subsets of S = {a, b, c}. (a) Student 1s choice are
(Midterm question, Spring 2013) Consider the following four students who make choices from subsets of S = {a, b, c}. (a) Student 1s choice are given by c1({a, b, c}) = {a, b}, c1({a, b}) = {a, b}, c1({a, c}) = {a} , c1({b, c}) = {b}. Does she satisfy Sens property ? Does she satisfy Sens property ? Explain your reasoning. (b) Student 2s choices are given by c2({a, b, c}) = {a, b}, c2({a, b}) = {a, b}, c2({a, c}) = {a, c} , c2({b, c}) = {b}. Does she satisfy Sens property ? Does she satisfy Sens property ? Explain your reasoning. (c) Student 3s choices are given by c3({a, b, c}) = {b}, c3({a, b}) = {b}, c3({a, c}) = {a, c} , c3({b, c}) = {b}. Does she satisfy Sens property ? Does she satisfy Sens property ? Explain your reasoning. (d) Student 4s choices are given by c4({a, b, c}) = {a, b}, c4({a, b}) = {a}, c4({a, c}) = {a} , c4({b, c}) = {b}. Does she satisfy Sens property ? Does she satisfy Sens property ? Explain your reasoning. (e) For each these four students, (i) explain if she can be modeled as maximizing a payoff function and if so, (ii) present such a payoff function.
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