Rubinstein2005-page25

Rubinstein2005-page25 - October 21, 2005 12:18 master Sheet...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: October 21, 2005 12:18 master Sheet number 23 Page number 7 Preferences 7 Table 1.1 A response to Q ( x , y ) and Q ( y , x ) A response to R ( x , y ) and R ( y , x ) x y Yes, No I Yes, Yes y x No, Yes function from X onto Y that is required to preserve the open sets. In economics, the one-to-one correspondence is required to preserve the more informal concept of interpretation. We will now construct a one-to-one and onto correspondence, Translation , between answers to Q that qualify as preferences by the first definition and answers to R that qualify as preferences by the second definition, such that the correspondence preserves the meaning of the responses to the two questionnaires. In other words, Translation is a bridge between the responses to Q that qualify as preferences and the responses to R that qualify as preferences. To illustrate the correspondence imagine that you have two books....
View Full Document

This note was uploaded on 12/29/2011 for the course ECO 443 taught by Professor Aswa during the Fall '10 term at SUNY Stony Brook.

Ask a homework question - tutors are online