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Mathematics, 20.04.2020 22:53 kittycat92

If the a choice structure (B, C(·)) satisfies the weak axiom of revealed preference and B includes all subsets of the choice set X up to three elements, then there is a rational preference relation ≥ such that C(B) = C∗(B, ) for all B ∈ B where C∗(B, ≥) = {x ∈ B : x ≥ y for every y ∈ B}.
True or False?

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