Consider two bundles $x$ and $y$ and a reference point $r$. If $x \sim_{r} y$ then it must also be true that $x \sim r$ and $r \sim y$.

Question

Quizplus · Accepted Answer

The notation $x \sim_{r} y$ indicates that bundle $x$ is considered equivalent to bundle $y$ when evaluated from the perspective of reference point $r$, but it does not imply that $x$ is directly equivalent to $r$ or that $r$ is directly equivalent to $y$. The relations $x \sim r$ and $r \sim y$ would require separate evaluations.

Consider Two Bundles xxx And yyy And a Reference Point rrr If x∼ryx \sim_{r} yx∼r​y

Consider Two Bundles $x$ And $y$ And a Reference Point $r$ If $x \sim_{r} y$