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What is Transitivity in Preference Relations about?

1. The document discusses social choice theory and defines key concepts like preferences, choice sets, maximal elements, and best elements. 2. It shows that the choice set (C) will always be a subset of the maximal set (M). C may be empty while M is nonempty. 3. For a finite set of alternatives, a preference relation needs only be reflexive, complete, and quasi-transitive (not fully transitive) for the choice set to be nonempty.

Author

apurva.tudekar

Language

EN