There is a set of goods, $x=\left(x_{1}, x_{2}, \ldots x_{N}\right)$. Nicole can only afford $x_{1}, x_{4}, x_{N-1}$. Give an example in which Nicole's preferences satisfy WARP, but are not transitive.

Question

Quizplus · Accepted Answer

The Answer of There is a set of goods, $x=\left(x_{1}, x_{2}, \ldots x_{N}\right)$. Nicole can only afford $x_{1}, x_{4}, x_{N-1}$. Give an example in which Nicole's preferences satisfy WARP, but are not transitive.

There Is a Set of Goods x=(x1,x2,…xN)x=\left(x_{1}, x_{2}, \ldots x_{N}\right)x=(x1​,x2​,…xN​) Nicole Can Only Afford

There Is a Set of Goods $x=\left(x_{1}, x_{2}, \ldots x_{N}\right)$ Nicole Can Only Afford