preference ordering
[prɛfərəns ˈɔrdərɪŋ]
nounpl: preference orderings
ordenação de preferências
1. A systematic arrangement or ranking of alternatives based on an individual's or group's preferences, typically used in economics, decision theory, and social choice theory
The consumer's preference ordering showed that she valued quality over price.
A ordenação de preferências do consumidor mostrou que ele valorizava a qualidade em relação ao preço.
2. In economics, a complete and transitive ranking that allows comparison of all available choices
According to utility theory, a rational agent must maintain a consistent preference ordering.
De acordo com a teoria da utilidade, um agente racional deve manter uma ordenação de preferências consistente.
3. A mathematical relation that orders alternatives from most to least preferred
The preference ordering can be represented as a transitive and reflexive relation.
A ordenação de preferências pode ser representada como uma relação transitiva e reflexiva.
This is a technical term primarily used in economics, mathematics, and decision-making contexts in both American and Brazilian academic environments. It is essential in rational choice theory and microeconomics courses. The concept reflects Western economic thought emphasizing rational decision-making and utility maximization.
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