Suppose Dale has three goods in his choice set, a, b, and c, and Dale must choose one good from this choice set on each of three days - each day Dale makes a new choice. Dale has preferences such that $a \sim b \sim c$. Dale can choose the same good every day or make a new choice every day. Suppose on the first day Dale chooses $a$, on the second day he chooses $b$ and on the third day he chooses c. Dale's preferences satisfy WARP.

Question

Quizplus · Accepted Answer

On the first day it was directly revealed preferred to $b$ and $c$. On the second day $b$ was directly revealed preferred to $c$ and $a$.

Suppose Dale Has Three Goods in His Choice Set, A a∼b∼ca \sim b \sim ca∼b∼c

Suppose Dale Has Three Goods in His Choice Set, A $a \sim b \sim c$