In economics, dichotomous preferences (DP) are preference relations that divide the set of alternatives to two subsets: "Good" versus "Bad". From ordinal utility perspective, DP means that for every two alternatives : From cardinal utility perspective, DP means that for each agent, there are two utility levels: low and high, and for every alternative :

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  • In economics, dichotomous preferences (DP) are preference relations that divide the set of alternatives to two subsets: "Good" versus "Bad". From ordinal utility perspective, DP means that for every two alternatives : From cardinal utility perspective, DP means that for each agent, there are two utility levels: low and high, and for every alternative : (en)
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  • In economics, dichotomous preferences (DP) are preference relations that divide the set of alternatives to two subsets: "Good" versus "Bad". From ordinal utility perspective, DP means that for every two alternatives : From cardinal utility perspective, DP means that for each agent, there are two utility levels: low and high, and for every alternative : (en)
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  • Dichotomous preferences (en)
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