Many economics texts list three assumptions-complete, transitive, and reflexive-in defining the consumer's preference relation. Show that reflexivity

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Many economics texts list three assumptions-complete, transitive, and reflexive-in defining the consumer's preference relation. Show that reflexivity is implied by completeness, and so the third assumption is redundant.

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:32 AM

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Many economics texts list three assumptions-complete, transitive, and reflexive-in defining the consumer's preference relation. Show that reflexivity

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Foundations of Mathematical Economics

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