(Solution) - By assumption individual preferences must be transitive so that if -(2025 Original AI-Free Solution)

Discipline:

Type of Paper:

Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Paper Details

By assumption, individual preferences must be transitive so that if A is preferred to B, and B is preferred to C, then A is preferred to C. Suppose that Marsha, Jan, and Cindy individually have transitive preferences over three goods: oranges, apples, and pears. If Marsha, Jan, and Cindy were to vote on whether to name oranges, apples, or pears the "fruit of the month," show that it is possible the preferences for the group might not be transitive.