66 Prove that if is a continuous Preference relation on X, then for all x...
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66 Prove that if "\" is a continuous Preference relation on X, then for all x EX the Indifference set~~ (x) is a closed set. Give a counterexample to show that the converse is not true, that is, (x) being a close set does not imply that "" is continuous. 66 Prove that if "\" is a continuous Preference relation on X, then for all x EX the Indifference set~~ (x) is a closed set. Give a counterexample to show that the converse is not true, that is, (x) being a close set does not imply that "" is continuous.
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First we show that if is a continuous Preference relation on X then for all x E X the Indifference s... View the full answer
Related Book For
Elementary Statistics Picturing the World
ISBN: 978-0321911216
6th edition
Authors: Ron Larson, Betsy Farber
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