Past exam of the mathematics course of the University of Cambridge 2012 iii Paper 44 1 c Solution Created 2026-10-03 Updated 2026-10-07
First, equality of two values forces equality of the corresponding values: neither strict comparison holds for , and the same is then true for in both directions. Thus for a well-defined strictly increasing function on . Since is a convex set and are affine functions, is a real interval andIf contains , let and . The mixture identity gives for . For , express as a convex combination of and and solve the same identity for ; for , express as a mixture of and . Hence the formula holds on all of , not merely between the chosen anchors. We obtain positive affine uniqueness of affine preference representations:If is constant, the same comparisons force to be constant; choose and the appropriate . If the probability-measure set is empty, the assertion is vacuous. These degenerate cases do not require distinct anchors.