Rubinstein2005-page29

Rubinstein2005-page29 - Show that if there are x , y , and...

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October 21, 2005 12:18 master Sheet number 27 Page number 11 Preferences 11 Discuss the plausibility of the properties in the context of interpreting % as the attitude of the individual toward sets from which he will have to make a choice at a “second stage.” Provide an example of a preference relation that SatisFes the two properties. SatisFes the Frst but not the second property. SatisFes the second but not the Frst property.
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Unformatted text preview: Show that if there are x , y , and z Z such that { x } { y } { z } , then there is no preferene relation satisfying both properties. Problem 5. ( Fun ) Listen to the illusion called the Shepard Scale. (Currently, it is avail-able at http://www.sandlotscience.com/Ambiguous/ShpTones1.htm and http://asa.aip.org/demo27.html.) Can you think of any economic analogies?...
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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.

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