{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

4-Utility and special indiff curvesm

4-Utility and special indiff curvesm - 4 Utility Varian...

Info icon This preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
1 4. Utility Varian, Chapter 4 Utility functions Continuity of the preference relation means that if X Y , and Z is sufficiently close to X , then Z Y as well A preference relation that is complete, reflexive, transitive, continuous and monotonic can be represented by a continuous utility function
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon