Question

5. Problems and Applications Q5 Andrew walks into a bakery. SALESPERSON: We have cupcakes and macaroons today. ANDREW: I'll have a cupcake. SALESPERSON: I almost forgot. We also have cheesecakes. ANDREW: In that case, I'll have a macaroon. What standard property of decision making is Andrew violating? O Unanimity Transitivity Independence of irrelevant alternatives No dictators

Answer 1

Answer- Correct option is 'C'

Independence of irrelevant alternatives is a standard property of decision making is Andrew violating. Independence of irrelevant alternatives is a term for an axiom of decision theory and various social sciences. Although exact formulation of independence of irrelevant alternatives differ, intentions of the usages are similar in attempting to provide a rational account of individual behaviour or aggregation of individual preferences.