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Preference relation

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In binary relation a preference relation is a complete reflexive transitive binary relation.

  1. A binary relation ≥ on a set A is complete if a ≥ b or b ≥ a for every a∈ A and b∈A;
  2. A binary relation ≥ on a set A is reflexive if a ≥ a for every a∈ A ;
  3. A binary relation ≥ on a set A is transitive if a ≥ c whenever a ≥ b and b ≥ c for every a∈ A,b∈A and c∈A ;