different ways to get to the same endpoint—…as far as anyone can measure it
I would say the territory has no cycles but any map of it does. You can have a butterfly effect where a small nudge is amplified to some measurable difference but you cannot predict the result of that measurement. So the agent’s revealed preferences can only be modeled as a graph where some states are reachable through multiple paths.
I would say the territory has no cycles but any map of it does. You can have a butterfly effect where a small nudge is amplified to some measurable difference but you cannot predict the result of that measurement. So the agent’s revealed preferences can only be modeled as a graph where some states are reachable through multiple paths.