Examlex
The Foreign Corrupt Practices Act:
Transitivity
A principle that if one option is preferred over a second, and the second is preferred over a third, then the first option is preferred over the third.
Consumer Preferences
The subjective tastes, as expressed by the utility function, that guide consumer choices in the marketplace.
Nonsatiation
The economic assumption that consumers always prefer more of a good to less, holding everything else constant.
Completeness
In decision theory, a property that states every set of choices can be ranked in an order of preference.
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