"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Thursday, July 5, 2012

So wrong, Mr. Varian

"Transitivity is a hypothesis about people's choice behavior, not a statement of pure logic." Intermediate Microeconomics, 8/e, page 36.

1 comment:

Adrián said...

The only thing which apparent tests of intransitivity show is shifts of the utility function.