File:Weak Axiom of Revealed Preferences.png
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Summary
| Description | English: Illustration of the weak axiom of revealed preferences: If bundle a is revealed preferred over bundle b in budget set B, then the WARP says that bundle b can not be strictly revealed preferred over bundle a in any budget set B'. Note that this is true regardless of where in the pink area bundle b is located. Also note that bundle c does not violate WARP because it is not in the pink area. |
| Date | |
| Source | I drew this graph from scratch in GIMP |
| Author | Masalih |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 16:55, 30 December 2012 | | 640 × 640 (23 KB) | Masalih | Uploading a self-made file using File Upload Wizard |
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