Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Y6 Problem 3. Let X be a nonempty finite set of alternatives, A the collect tion of all nonempty subsets S of X, and C
Y6
Problem 3. Let X be a nonempty finite set of alternatives, A the collect tion of all nonempty subsets S of X, and C a choice correspondence on A. Let us say that C is idempotent if C(C(S)) = C(S) for all S E A. Prove or falsifying statements. (1) If C satisfies a-axiom, then C is idempotent. (2) If C satisfies B-axiom, then C is idempotent. (3) If C satisfies a-axiom and X| = 3, then C is rationalizable. (4) If C satisfies B-axiom and |X| = 3, then C is rationalizableStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started