Strong Axiom of Revealed Preference (2) (Varian Table 7.3)

[@karmanyamarwah8858]

She is so calm and awesome. Please make all videos on different topics on varian.

[@IrisFranz]

Thanks, Karmanya. Happy learning!

[@karmanyamarwah8858]

You heled me alot. Seriously

[@ЕкатеринаБердникова-м8ю]

You're a really good teacher! Thank you so much for your help

[@IrisFranz]

Екатерина Бердникова Thank you. Happy learning!

[@divyanshukunwar7849]

thanks for these videos. i was looking for someone to explain strong axiom to me all day long, but couldn't find any videos explaining it in a way as easy as yours.

[@IrisFranz]

Glad that you find the clip helpful!

[@jjman897]

I watched like 5 other videos on this topic and this is the only one that made sense so thank you!

[@AaromalRbrjr]

Thank you! this one was much needed.

[@IrisFranz]

You’re welcome. Happy learning!

[@faisalabbas9784]

I was just waiting for this video. thank u so much!!

[@IrisFranz]

You’re welcome. Happy learning. Share with friends who find SARP challenging.

[@AaromalRbrjr]

sameee

[@faisalabbas9784]

@@AaromalRbrjr country??

[@AaromalRbrjr]

@@faisalabbas9784 India. You?

[@faisalabbas9784]

@@AaromalRbrjr Pakistan

[@animetoriant7286]

I loved learning this topic from your vedio ❤️.

[@IrisFranz]

Glad it was helpful.

[@DanielRTSC]

Just what I needed. Im so happy. Thanks. 😀

[@IrisFranz]

Glad to help!

[@tanzeelalam2421]

Thnku so much mam,i was having doubt in this topic since last week

[@IrisFranz]

Glad to help! Please share with those who find this topic challenging.

[@kritikabhatia5134]

Extremely helpful video! Thank you

[@IrisFranz]

You’re welcome!

[@akinyelemuiz7749]

You just made everything sole for me

[@viniluis7]

Thank you for sharing this video! Helped me a lot 😀

[@IrisFranz]

Glad it was helpful!

[@senorita7535]

Thank you so much mam.... 👍 Keep going..

[@IrisFranz]

You’re welcome!

[@rhea8844]

Very well explained! Thank You 😊

[@IrisFranz]

You’re welcome!

[@hima3432]

you saved the day, very helpful! thanks a lot

[@IrisFranz]

You are welcome!

[@sultanularefinbayezeied3133]

You are a great savior

[@IrisFranz]

Thank you!

[@khushijethi7536]

Hey but in the book it says this table is a violation of SARP, but in unable to understand the reason

[@IrisFranz]

In Table 7.3, there is no violation of SARP.

[@khushijethi7536]

@@IrisFranz but it's written in Hal Varian😐

[@IrisFranz]

@@khushijethi7536 not sure which version you use? But in this particular example, I guarantee you there’s no violation. To see a violation you need to have a * at the rth row and the tth column, AND another star in the tth row and the rth column. Best luck!

[@shikharmahajan9702]

Ma'am , I have a doubt. What is the point of comparing a person's preferences in three different years/time periods when we know that consumer's taste and preferences are bound to change within this time. Btw, your video was very informative as varian's language is abit tough to understand.

[@IrisFranz]

Yes -- in microeconomics we assume that an individual's preference satisfies consistency and transitivity.

[@shikharmahajan9702]

@@IrisFranz Thankyou ma'am!

[@aditisingh2467]

Mam I've one doubt. You said that in year 3 bundle 3 was chosen because bundle 1 and 2 was not affordable. But our bundle 1 is greater than bundle 3 so why can't we prefer bundle 1 over bundle 3? Plz clarify this one.

[@IrisFranz]

If a bundle is expensive, it doesn't necessarily mean you like it. I explained that in my WARP video. Good luck!

[@IrisFranz]

One example: would you buy an 18-wheeler truck? It is something you can't afford and also dislike. You don't need one, and you have no place to park it.

[@johnnymonteiro5577]

You make it easy.

[@IrisFranz]

Glad to help!

[@muinnadim1415]

Thank you

[@IrisFranz]

You're welcome!

[@羅秀容-y5b]

FAN丅A sTIc

[@IrisFranz]

Thank you!

[@akinyelemuiz7749]

You just made everything sole for me