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A simple example of a preference order over three goods, in which orange is preferred to a banana, but an apple is preferred to an orange. In economics, and in other social sciences, preference refers to an order by which an agent, while in search of an "optimal choice", ranks alternatives based on their respective utility.
Antonym: dummy. Dominated outcome Given a preference ν on the outcome space, we say that an outcome a is dominated by outcome b (hence, b is the dominant strategy) if it is preferred by all players. If, in addition, some player strictly prefers b over a, then we say that a is strictly dominated. Formally:
If the preference is proven, legal action can occur. It is a wrongful act of trading. Disqualification is a risk. [38] Preference arises within the context of the principle maintaining that one of the main objectives in the winding up of an insolvent company is to ensure the equal treatment of creditors. [39]
Preference is a term used in scientific literature. Preference may also refer to: Preference (economics), as the term is used in economics; Preferans, the Russian version of the card game, Préférence; Préférence, a card game played in Austria, Hungary and the West Balkans; Preferences mag, French gay periodical usually styled PREF mag
It is the antonym of -phobe. Phil- ... Cryophilia: preference for cold environments, climates, objects and low temperatures; e.g., Protea cryophila (Snow Protea)
Social preferences describe the human tendency to not only care about one's own material payoff, but also the reference group's payoff or/and the intention that leads to the payoff. [1] Social preferences are studied extensively in behavioral and experimental economics and social psychology .
The antonym "hypogamy" [a] refers to the inverse: marrying a person of lower social class or status (colloquially "marrying down"). Both terms were invented in the Indian subcontinent in the 19th century while translating classical Hindu law books, which used the Sanskrit terms anuloma and pratiloma, respectively, for the two concepts. [2]
An antonym is one of a pair of words with opposite meanings. Each word in the pair is the antithesis of the other. A word may have more than one antonym. There are three categories of antonyms identified by the nature of the relationship between the opposed meanings.