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7 Definitions of Preference

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.
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Group Decisions
Information Costs
Sanity Check
Normative Decisions
Preserving Ambiguity
Strategic Dominance
Sure Thing
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