Strict Versus Weak
The possibility of defining a strict preference relation from the weaker one, and viceversa, suggest in principle an alternative approach of starting with the strict relation as the primitive concept and deriving the weaker one and the indifference relation. However, an indifference relation derived this way will generally not be transitive. According to Kreps "beginning with strict preference makes it easier to discuss noncomparability possibilities".
Read more about this topic: Preference (economics)
Famous quotes containing the words strict and/or weak:
“One of the most horrible, yet most important, discoveries of our age has been that, if you really wish to destroy a person and turn him into an automaton, the surest method is not physical torture, in the strict sense, but simply to keep him awake, i.e., in an existential relation to life without intermission.”
—W.H. (Wystan Hugh)
“But God hath chosen the foolish things of the world to confound the wise; and God hath chosen the weak things of the world to confound the things which are mighty.”
—Bible: New Testament I Corinthians 1:27.