Question

What do you mean by convex preference

Answer 1

Answer:

In economics, convex preferences are an individual's ordering of various outcomes, typically with regard to the amounts of various goods consumed, with the property that, roughly speaking, "averages are better than the extremes"

Answer 2

Explanation:

convex perferences are an individual ordering of various outcome,typically with regard to the amount of various good consumed, with the property that,roughy speaking,average are better than the extremes....