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What Is the Name of the Axiom That States That

question 16

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What is the name of the axiom that states that, if bundle x is ever directly revealed to be preferred to bundle y when the two bundles are not identical, then y can never be directly revealed to be preferred to x?


Definitions:

Leg Warmers

Clothing accessories worn on the lower legs, originally used by dancers to keep muscles warm and prevent cramping or other injuries.

Short-Lived

Describing an event, phenomenon, or object that exists or lasts for a brief period of time.

Enthusiasm

A feeling of energetic interest in a particular subject or activity and an eagerness to be involved in it.

Social Dilemma

A situation in which behavior that is rational for the individual can, when practiced by many people, lead to collective disaster.

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