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Usenet Posted 21 years ago
Usage

Assumptions relaxed?

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Top answer

[nq:1]Hello. I cannot understand what 'RELAX' means in the following statement. Standard neoclassical modeling assumptions are then RELAXED.

  • [nq:1]Hello.
  • I cannot understand what 'RELAX' means in the following statement.
  • Standard neoclassical modeling assumptions are then RELAXED.
  • Assumptions are relaxed?
  • [/nq] No, it means the rules are relaxed or loosened.
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3 Answers
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[nq:1]Hello. I cannot understand what 'RELAX' means in the following statement. Standard neoclassical modeling assumptions are then RELAXED. Assumptions are relaxed? Does that mean assumptions get useless?[/nq]
No, it means the rules are relaxed or loosened. In whatever situation you are describing, the assumptions are no longer as strictly applied.
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[nq:1]I cannot understand what 'RELAX' means in the following statement. "Standard neoclassical modeling assumptions are then RELAXED."[/nq]
It means assumptions are broadened or, when taken to the extreme, eliminated.
A model is a simplified representation of something in the real world. In order to generate such a simplified representation, assumptions are made about the true nature of t
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[nq:1]I cannot understand what 'RELAX' means in the following statement. Standard neoclassical modeling assumptions are then RELAXED. Assumptions are relaxed? Does that mean assumptions get useless?[/nq]
From (COD11)
relax
· v.

3 make (a rule or restriction) less strict.

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