Convex preferences: Difference between revisions

Content deleted Content added
removed parent category of Category:Consumer theory
Alternative definition: The parentheses need to be exclusive to avoid "x is strictly preferred to x", which is of course untrue.
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:<math>x, y \in X</math> where <math>y \sim x </math>
 
and for every <math>\theta\in[(0,1])</math>:
:<math>\theta y + (1-\theta) x \succ x </math>.
:<math>\theta y + (1-\theta) x \succ y </math>.