From Revealed Preference to Indifference Curves 2 The same argument with C A is revealed preferred to all bundles in the union B Therefore the indifference a curve containing A must lie c everywhere else above this shaded set X1 北京大学经济学院 slide26
北京大学经济学院 Slide26 From Revealed Preference to Indifference Curves x2 x1 C The same argument with C A is revealed preferred to all bundles in the union. B A Therefore the indifference curve containing A must lie everywhere else above this shaded set
From Revealed Preference to Indifference Curves x2 t D is directly revealed preferred to Well-behaved preferences are convex so all bundles on the line between a and d are also preferred to A X1 北京大学经济学院 Slide27
北京大学经济学院 Slide27 From Revealed Preference to Indifference Curves x2 x1 D D is directly revealed preferred to A. Well-behaved preferences are convex so all bundles on the line between A and D are also preferred to A. A
From Revealed Preference to Indifference Curves 2 Preference are monotonic. all bundles containing the same amount of 2 and more of 1 than D are preferred to D and hence to a X1 北京大学经济学院 slide28
北京大学经济学院 Slide28 From Revealed Preference to Indifference Curves x2 x1 D Preference are monotonic: all bundles containing the same amount of 2 and more of 1 than D are preferred to D and hence to A. A
From Revealed Preference to Indifference Curves 2 bundles revealed to be strictly preferred to because of D X1 北京大学经济学院 Slide29
北京大学经济学院 Slide29 From Revealed Preference to Indifference Curves x2 x1 D A bundles revealed to be strictly preferred to A because of D
From Revealed Preference to Indifference Curves 2 bundles revealed to be E strictly preferred to because of d and E X1 北京大学经济学院 slide30
北京大学经济学院 Slide30 From Revealed Preference to Indifference Curves x2 x1 E D A bundles revealed to be strictly preferred to A because of D and E