However, since ordinal utility functions are only defined up to a monotonic transformation, there is little distinction between the two concepts in practice.
The open-world assumption is closely related to the monotonic nature of first-order logic: adding new information never falsifies a previous conclusion.
Consistency, here meaning the monotonic convergence on the correct answer with the addition of more data, is a desirable property of any statistical method.
Thus, reswitching implies the rejection of a simple (monotonic) non-increasing relationship between capital intensity and either the rate of profit, sometimes confusingly referred to as the rate of interest.