Averages are preferred to extremes | Well Behaved Preferences| |11|

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This video talks about the second property of well behaved preferences :

1) Averages are preferred to extremes
2) People generally consume mixture of goods, instead of specialising in consumption of just one good

Reference : Varian Chapter 3

This is useful for those who are preparing

1) Intermediate Microeconomics Course in their semesters
2) UGC Net Economics
3) Basics of MA Economics Entrance Exam (DSE/ISI/JNU/IGIDR/MSE)
4) Indian Economic Services

For any course related query please call 9999886629
  1. nishant mehra
  2. Indian economic services
  3. UPSC ias economics optional
  4. ma economics entrance
  5. averages are preferred over extremes
  6. convex preferences
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This video talks about the second property of well behaved preferences :

1) Averages are preferred to extremes
2) People generally consume mixture of goods, instead of specialising in consumption of just one good


Reference : Varian Chapter 3

This is useful for those who are preparing

1) Intermediate Microeconomics Course in their semesters
2) UGC Net Economics
3) Basics of MA Economics Entrance Exam (DSE/ISI/JNU/IGIDR/MSE)
4) Indian Economic Services

For any course related query please call 9999886629
or visit nishantmehra.com for IAS Economics Optional/ Indian Economic Services/ UGC Net Economics
or visit Ecopoint.in for MA Economics Entrance Coaching

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