Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

This problem considers two new choice axioms, which well call A and B A: If x,y C(A) and x,y B, then either x,y C(B) or

This problem considers two new choice axioms, which well call A and B

A: If x,y C(A) and x,y B, then either x,y C(B) or x,y / C(B).

B: If xC(A) and AB, then either xC(B) or C(B)A=.

also consider the following properties

Sen's beta: Suppose that x, y A B, x C(A) and y C(A). Then x C(B) if and only if y C(B).

Sen's alpha: Suppose that x A B and x C(B). Then x C(A).

WARP: Suppose that x, y A, x, y B, x C (A), and y / C (A). Then y / C (B).

1. Prove that A is stronger than Sens in the following sense:

a If A holds, then Sens holds. b Sens can hold even when A does not.

2. Is Sens and Sens combined yield the same result as the combination of A&B? If so, prove it. If not, provide a counterexample.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

How to find if any no. is divisble by 4 or not ?

Answered: 1 week ago

Question

Explain the Pascals Law ?

Answered: 1 week ago

Question

What are the objectives of performance appraisal ?

Answered: 1 week ago