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[Revised entry by Sven Ove Hansson and Till Grüne-Yanoff on November 14, 2017. Changes to: Main text, Bibliography, notes.html, revealed-preference.html] The notion of preference has a central role in many disciplines, including moral philosophy and decision theory. Preferences and their logical properties also have a central role in rational choice theory, a subject that in its turn permeates modern economics, as well as other branches of formalized social science. The notion of preference and the way it is analysed vary between these disciplines. A treatment is still lacking that takes into account the needs of all usages and tries to combine them in a unified approach. This entry surveys the...

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News source: Stanford Encyclopedia of Philosophy

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