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## Advanced Microeconomics Theory Jehle Solutions

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Advanced Microeconomic Theory remains a rigorous, standard in microeconomics, giving all the core mathematics and modern theory the advanced student must master. This student-friendly text, with its efficient theorem-proof organisation, and many examples and exercises, is … Advanced Microeconomics(ECH 32306) Homework 3 --- Solutions Expected Utility Theory 1. On p.100 Jehle and Reny say that AXIOM G4 (Monotonicity) implies a1 ≻ an . Prove this. Answer We prove this by contradiction. Suppose a1 ∼ an , then a1 an and an a1 . Furthermore, suppose we take α > β .