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  3. Study Set
    Behavioral Economics
  4. Exam
    Exam 4: Status Quo Bias and Default Options
  5. Question
    If There Is a Violation of Transitivity or Completeness Then
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If There Is a Violation of Transitivity or Completeness Then

Question 18

Question 18

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If there is a violation of transitivity or completeness then a standard utility function cannot represent the individual's preferences.

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