Using the gambles in Example 3, use the common outcome effect to show how the following preferences: $AB, DC$ violates the independence axiom.

Name: Using the gambles in Example 3, use the common outcome effect to show how the following preferences: $A>B, D>C$ violates the independence axiom.
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Question

Using the gambles in Example 3, use the common outcome effect to show how the following preferences: $A>B, D>C$ violates the independence axiom.

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The Answer of Using the gambles in Example 3, use the common outcome effect to show how the following preferences: $A>B, D>C$ violates the independence axiom.

Using the Gambles in Example 3, Use the Common Outcome A>B,D>CA>B, D>CA>B,D>C

Using the Gambles in Example 3, Use the Common Outcome $A>B, D>C$