Download as pdf or txt
Download as pdf or txt
You are on page 1of 10

Microeconom ICS | Part (>,

Che ice Undon ance Neila eg


Cure Theory |

Ardy, ape chelnyuk @ ed.acuk

home pag ec .2CON, edsac. uk“ra 2apec he/


| PeorswowlP 1M
Jied Si tyed ro)dw's 9
f = (a ) =(9)%
TD Ago Saat ?|
a(uaris 3]4 15500 |} fn fos yf (KF
1 PM 0940 \o Laps] ty2qoud <—~ ud
IZ pov yews eed ym
(ad le d lef id) 2 7 45f 0 5
7 S V P I K s y TOUS v ‘D waaig hd
froarbosao. 2 )
5 WO MNO {ro O-/€5 “wy ‘tp f
. 2
by uratyouy) _jepwy) row)
1 dina aa lo K
P= | ® Pout
[~ dim Sim lex
Pr +Pe=| e—_+——_+- —e
CY os C2
2 - dim A
0 thr <P =] -z& ~=t
(4 y ? S

Degenerate Jo tery = Is Hey That hes

pa!
AE) oqvaasd opm 14 Bane}
YPIS Yyova Spy ay Ful. Lape J wv 4
; ( 1 Dy aq 77) bax 9] pmod™od
[=e Jo <9 Upim ( 2 oa / p> )
J Ait) IY pyoud pv (“cl an ed 7d ) =17
D Ate SAI AOF}9) 3} Uric Y 4Oa1 S) hq
DP )4AfL 9] Pero)
Aray.o pmodusog

yim p71) TTA KA Pr
[i '0)2” S459 reyp, vray , 1A, T< "J promt 42s
PPT TT (PO Sb RID EO
LI~ 71 4uraq 10) TA, 7 JQ y | AK | | 4rd
FATT WP 24 Srappadmy ] roney
(~ A ) x SPUIIa+4 aI
Arioms | ~ s,s => There exis a chi LL

function Uthat ypeprecerts ¥


LxlL S&S U(lL) eu)
Axiom Tadependence
For all Llib eh ad all x (21)
Lyb’ => eh + (rab? wv Xl(r«JL”
Clan If satisTy Lndepenck nee, Then The
4
IndiSHrence coururs ane Cs | gyrus on
para lle} ctreigh F linec. /S curv oa
+L,t 1 Low

C2
c = Indi COLL
DNS ctuetadt Ih as
I gata |

: (ELE ® GLAD
~ /

S lng Tndependence.
elL- 4
] / = C1
C\ Vad

CHP Ste Cu (The ti Vid


way
DA Gwen
UU: Ll(C\>R nes the expected
ae

Juncko,
ati {ik Porw if Thee iS Qn acciqnuear T of
Such Thect for LVOALY
nu bers CA = (Ay. Uw)

lo hey LE = (Ps, 7 pw } Kije we have

UCL d= PiU t Pr 42 +--+ PMY

ven Meuwman — Morgen chert (eh


tA + C —_ IR Bernoulli ut [i Hey Pounch ioe
(79 "FD) ‘awa tne je ea
nde < ond eS TI
aye fF rv ™
(dd) = 7 pa (add )2q 79
marcy Byo> pypabo jean» symp
an| hyo |mre aul yy} swaxl SFHDSH PS
A AOD onaard Oo youl Roars
( mown] S|yy pap org) 1gJOY}
Propo vition Supe ose YY: Lek 1S a \/VmM
ub [ite function for & grelerea ce relation Se
Then, and ouoly then, for each >> >0
ded each ve RE
Ly (L) = BUl(L) Fy represents the Sam Se
Te. for all LlLeed
u(Ly> UL)UL) = (LI)
Coe Ca ¥C, ordina|
HU > Ur canclivc |.

LU, Uy CO prn to U»~-%2

You might also like