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Preference Reversals and the Independence Axiom

โœ Scribed by Charles A. Holt

Book ID
125657922
Publisher
American Economic Association
Year
1986
Tongue
English
Weight
261 KB
Volume
76
Category
Article
ISSN
0002-8282

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Mark Machina has opposed the independence axiom, and "the argument for the 'rationality' of this prescription," by what he feels is "the strongest c0unterargument." (Machina, pp. 166 and 172. References, unless otherwise indicated, are to this paper.) In what follows, Machina's statement of that axi