Examlex
What is a hospital doing if it creates an IT system with a wide range of choices based on extensive surveys of current and past patients?
WARP
The Weak Axiom of Revealed Preference (WARP) is a criterion used to check for consistency in consumer choice behavior under the assumption of rationality.
Bundle
A set of goods or services sold together as a single package.
Revealed Preferences
An economic theory that determines consumer preferences by observing their purchasing behavior rather than through direct inquiry.
Francs
A currency unit formerly used in France and some other countries, and still used in some territories.
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