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(Optional) Choice functions over a finite set: A summary, Social Choice and Welfare volume 2, (1985) 1.What is rationality according to your impression? 2. Give

(Optional) Choice functions over a finite set: A summary, Social Choice and Welfare volume 2,

(1985)

1.What is rationality according to your impression?

2. Give examples of rational consumption behavior.

3. Give examples of irrational consumption behavior.

4. What are the defining differences between consumption behaviors in questions 2 and 3?

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