Incomplete Preferences

Incomplete preferences occur when a person cannot decide or compare their options consistently. For example, someone might prefer coffee over tea but be unsure how they feel about juice, or may not have enough information to choose between two products. This means their preferences are not fully defined for all options, which can make decision-making more complex. In economics and decision theory, incomplete preferences reflect real-world situations where options aren't always clearly ranked, highlighting that individuals do not always have a complete or strict order of their choices.