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Pastimes : Austrian Economics, a lens on everyday reality
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To: Don Lloyd who wrote (291)11/15/2003 12:40:04 PM
From: gpowell  Read Replies (1) of 445
 
But both he and any other non-zero bidder still are far from indifferent to a choice between the DVD and a cash bid.

A requirement that a decision maker must be "far from indifferent" violates the utility maximization assumption. If one state is preferred to another and this state is achievable, then the economic decision maker will choose it – even if it is arbitrarily close to being an indifferent state.
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