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7 Definitions of Preference

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Preference is a word that is used to indicate a ranking or priority of one thing over others. The following are its basic definitions.
1. A choice.
I have a preference for the green one.
2. An affinity.
She has a preference for tall men.
3. A greater liking.
I prefer cake over pie.
4. A persistent choice or pattern of choices.
My boss prefers everyone to work from the office.
5. A priority.
You are the preferred candidate for the position.
6. An advantage over others.
We give preference to candidates from disadvantaged groups.
7. A right or power to claim or choose first.
If a company goes bankrupt preferred stockholders are entitled to be paid before common stockholders.

Decision Theory

This is the complete list of articles we have written about decision theory.
Agency
Constraints
Decision Making
Group Decisions
Information Costs
Sanity Check
Normative Decisions
Preserving Ambiguity
Strategic Dominance
Sure Thing
Tradeoffs
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