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Economics
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Consumer Theory
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Strong Axiom of Revealed Preference (SARP)
Strong Axiom of Revealed Preference (SARP)
If bundle
B
1
B_1
B
1
is revealed preferred to
B
2
B_2
B
2
(
B
1
⊳
B
2
B_1 \rhd B_2
B
1
⊳
B
2
), then
B
2
B_2
B
2
must also be revealed preferred to
B
1
B_1
B
1
(
B
2
⊳
B
1
B_2 \rhd B_1
B
2
⊳
B
1
). This ensures consistency in observed choices.