Examlex
It is said that the trait concept most approximates the ordinary person's concept of personality. How, then, do activities of the trait theorist differ from that of the average person? What are the intellectual challenges that are pursued by the trait theorist but not (in general) by the layperson?
Ranked Preferences
Ordering alternatives based on their desirability from most to least preferred.
Majority Voting
A voting system where decisions are made and actions are taken based on the preferences of the majority of voters, often applied in democratic governance and organizational decision-making.
Rent-Seeking Behavior
Actions by individuals or businesses to increase their own wealth without contributing to productivity or value creation, often through political manipulation or exploitation of resources.
Irrational Preferences
Choices or decisions that are not in line with conventional logic or economic efficiency.
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