Tag: nontransitive

  • Your nontransitive preferences are driving me crazy!

    One of the great frustrations of daily life, not to mention neoclassical economics, is nontransitive preferences. Huh? In English, transitive preferences would mean that if B is better than A, and if C is better than B, then C must be better than A. But in daily life—when dealing with children or coworkers, for example—we…