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In mathematics, a relation denotes some kind of relationship between two objects in a set, which may or may not hold. [1] As an example, " is less than " is a relation on the set of natural numbers ; it holds, for instance, between the values 1 and 3 (denoted as 1 < 3 ), and likewise between 3 and 4 (denoted as 3 < 4 ), but not between the ...
A partial function from X to Y is thus a ordinary function that has as its domain a subset of X called the domain of definition of the function. If the domain of definition equals X, one often says that the partial function is a total function. In several areas of mathematics the term "function" refers to partial functions rather than to ...
Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics.Often, these applied methods are beyond simple geometry, and may include differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, or other computational methods.
A relation R is called intransitive if it is not transitive, that is, if xRy and yRz, but not xRz, for some x, y, z. In contrast, a relation R is called antitransitive if xRy and yRz always implies that xRz does not hold. For example, the relation defined by xRy if xy is an even number is intransitive, [13] but not antitransitive. [14]
A relation with n "places" is variously called an n-ary relation, an n-adic relation or a relation of degree n. Relations with a finite number of places are called finitary relations (or simply relations if the context is clear). It is also possible to generalize the concept to infinitary relations with infinite sequences. [4]
In mathematics, a recurrence relation is an equation according to which the th term of a sequence of numbers is equal to some combination of the previous terms. Often, only k {\displaystyle k} previous terms of the sequence appear in the equation, for a parameter k {\displaystyle k} that is independent of n {\displaystyle n} ; this number k ...
The converse of this implication leads to functions that are order-reflecting, i.e. functions f as above for which f(a) ≤ f(b) implies a ≤ b. On the other hand, a function may also be order-reversing or antitone, if a ≤ b implies f(a) ≥ f(b). An order-embedding is a function f between orders that is both order-preserving and order ...
An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes.