What does the notation \left(p,\left(x^i\right)_{i\in I}\right) mean?

  • Thread starter Thread starter Cinitiator
  • Start date Start date
  • Tags Tags
    Notation
Click For Summary

Homework Help Overview

The discussion revolves around the interpretation of the notation \left(p,\left(x^i\right)_{i\in I}\right) in the context of economics, specifically regarding endowment vectors associated with consumers. The original poster provides a specific example with a set I and a vector x, questioning how the notation translates into a concrete representation.

Discussion Character

  • Conceptual clarification, Assumption checking

Approaches and Questions Raised

  • Participants explore the meaning of the notation, questioning whether it implies a single combined vector or individual assignments of p to each component of x. There is also inquiry into the term "endowment" and its relevance in this context.

Discussion Status

The discussion is ongoing, with participants providing insights into the structure of the notation and its implications. Some have offered clarifications about the components of the vector and the meaning of endowment in economic terms, while others are still seeking to understand the exact representation of the endowment vectors.

Contextual Notes

Participants note that the notation is derived from an economics paper, which may influence the interpretation of terms like "endowment." There is also mention of the cardinality of the set I and its relationship to the dimensions of the vector x.

Cinitiator
Messages
66
Reaction score
0

Homework Statement



What does the following notation mean, assuming that I is a set, and i is a member of the set i, and x is an endowment of a member i, and is a vector?

Assuming x is (1, 2, 3) for each i, and I = {1, 2, 3, 4}

Does
khWfb.png
mean
(1, 2, 3, 1, 2, 3, 1, 2, 3, 1, 2, 3) ?


Homework Equations


khWfb.png



The Attempt at a Solution


Googling
 
Physics news on Phys.org
Also, does
p5JXM.png
mean (p, (1, 2, 3, 1, 2, 3, 1, 2, 3, 1, 2, 3))?

Or does it imply a p assigned to each xi individually?
 
Is "endowment" a translation from another language? I don't recognise it here.

Given that x is a vector (of dimension the cardinality of I) then [itex]\left(x^i\right)_{i\in I}[/itex] is the list of x's components.

[itex]\left(p,\left(x^i\right)_{i\in I}\right)[/itex] is p together with all the components of the vector x.
 
HallsofIvy said:
Is "endowment" a translation from another language? I don't recognise it here.

Given that x is a vector (of dimension the cardinality of I) then [itex]\left(x^i\right)_{i\in I}[/itex] is the list of x's components.

[itex]\left(p,\left(x^i\right)_{i\in I}\right)[/itex] is p together with all the components of the vector x.

Thanks for your help. This is from an economics paper, so by endowment I mean an endowment bundle for each consumer. The list of consumers is in the I set, and an individual consumer is i.

The x vector is only a commodity vector - it doesn't have any information on the consumers (in the I set). Each consumer has an endowment vector associated with them, which is expressed as x with a superscript of i.



From what I understand, it's supposed to list all the endowment vectors for each consumer from the set I. However, I don't understand how it lists them.

Will it be listed as: (p, vector1, vector2, vector3) etc? Or will it be listed as (p, vector1component1, vector1component1, ... vector3component1 etc..)?
 

Similar threads

Replies
5
Views
2K
  • · Replies 5 ·
Replies
5
Views
3K
Replies
7
Views
2K
Replies
4
Views
3K
  • · Replies 7 ·
Replies
7
Views
2K
  • · Replies 2 ·
Replies
2
Views
1K
  • · Replies 22 ·
Replies
22
Views
2K
  • · Replies 6 ·
Replies
6
Views
2K
  • · Replies 9 ·
Replies
9
Views
2K
Replies
9
Views
2K