Which of the following statements captures the meaning of transitivity of preferences?
A)If A is preferred to B, then B is less preferred than a.
B)If A is preferred to B, and B is preferred to C, then A is preferred to C.
C)If A is preferred to B and B is preferred to C, then the preference for A over B is stronger than the preference for B over C.
D)If A is preferred to C, then there exists B such that A is preferred to B and B is preferred to C.

Question

Quizplus · Accepted Answer

Transitivity of preferences means that if the individual prefers option A to option B, and option B to option C, then they must also prefer option A to option C. This is exactly what statement B is saying. The other options are either incomplete or not related to transitivity of preferences.

Which of the Following Statements Captures the Meaning of Transitivity