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Preferences
Indications of the choices or selections made by individuals or groups based on tastes, likes, or desires, often influencing decision-making.
Condorcet Voting Paradox
A situation in social choice theory where collective preferences can be cyclic (i.e., not transitive), even if the individual preferences of voters are not.
Transitivity
In decision theory, the principle that if preference A is greater than B, and B is greater than C, then A is greater than C.
Arrow's Impossibility Theorem
A theorem that demonstrates the impossibility of devising a social welfare function that satisfies all of a specified set of reasonable conditions simultaneously.
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