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Concept · Foundations
A ranking of alternatives that a decision maker holds, ideally satisfying completeness (every pair is comparable) and transitivity (if A is preferred to B and B to C, then A is preferred to C).
Why it matters
A coherent preference ordering is the foundation of rational choice; inconsistent preferences make any decision tool unreliable and expose the agent to money pumps.
Where this shows up
Following the links will take you to the page where this term is introduced in context.
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