In microeconomy this theorem states that : given a consumption set $X\subseteq\mathbb{R}^n$, if the preference relation $\succcurlyeq$ is complete, transitive and continuous there exist a utility function $u$ and it is continuous. I've no problem at all in the first part, but at the end, to prove the continuity of $u$ it is said that it suffices to show that $u^{-1}(a,b)$ is open for all $a$,$b \in\mathbb{R}$. Well i don't get this part, is there somebody who can help me?

  • $\begingroup$ Where did you find this proof? $\endgroup$ – Bob Jansen Feb 8 '18 at 12:08
  • $\begingroup$ My teacher told this during lesson $\endgroup$ – ab94 Feb 8 '18 at 14:33
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    $\begingroup$ This is Proposition 3.C.1 in Mas-Colell et al. "Microeconomic Theory", which also contains the corresponding proof. $\endgroup$ – LocalVolatility Feb 8 '18 at 14:57
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    $\begingroup$ I'm voting to close this question as off-topic because it is about economics and not quant finance. $\endgroup$ – LocalVolatility Feb 9 '18 at 11:13
  • $\begingroup$ Personally, I don't mind questions about mathematical economics. Our user base seems to be well-suited for this type of question. $\endgroup$ – Bob Jansen Feb 18 '18 at 14:24

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