Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 3 years ago

I dont understand how the violations of completeness assumption can lead to apparent inconsistency

  • This Question is Open
  1. IngaWarren
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Completness basically means that you are completely certain about your preference between two bundles of goods, and you are not idifferent between two. Hence, you base your model on this assumption. The violation of competness will therefore lead to inconsistency in models ( you would basically come up with different model each time ).

  2. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy