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One of the assumptions underlying Von Neumann-Morgenstern expected utility is called completeness . Mathematically, this assumption is expressed as: Given a choice between A and

One of the assumptions underlying Von Neumann-Morgenstern expected utility is called completeness. Mathematically, this assumption is expressed as: Given a choice between A and B, either A B or A B. Which of the following best explains the meaning of this assumption?

A.The value of A, relative to B, depends on where you started.

B.A must be greater (or equal) in dollar value to B.

C.B must be greater (or equal) in dollar value to A.

D.You either prefer A to B, you prefer B to A, or you are indifferent between them.

E.None of these statements is true.

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