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preference
(redirected from Preference relation)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
preference
1. Law
a. the settling of the claims of one or more creditors before or to the exclusion of those of the others
b. a prior right to payment, as of a dividend or share in the assets of a company in the event of liquidation
2. Commerce the granting of favour or precedence to particular foreign countries, as by levying differential tariffs


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1 Prioritised Goals Prioritised goals are the ordinal counterpart to weighted goals: instead of numerical weights attached to goals (expressed as propositional formulas), we have a priority relation on goals, from which a preference relation on the set of bundles can be drawn.
What if a person doesn't have an established preference relation over the set of available alternatives but rather tries to simplify the choices (Chapter 2)?
The aim of that initial paper was to give topological conditions on the space of actions of an agent implying that a closed preference relation can be represented by a continuous utility function.
 
 
 
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