Examlex
Which of the following concepts is not associated with the 'news vendor problem'?
Strong Axiom
Often refers to the strong axiom of revealed preference in economics, a principle used to infer a consumer's complete preference ordering over goods.
Revealed Preference
A theory suggesting that the preferences of consumers can be understood from their purchasing habits and choices.
Strong Axiom
A mathematical condition used in decision theory and economic models that strengthens the requirements for consumer choice consistency over time or across different conditions.
Revealed Preference
A theory that determines consumer's preferences by observing their purchasing habits and behaviors instead of their preferences being explicitly stated.
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