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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....
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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.
- Fall '10