This was in Thinking Fast and Slow by Kahneman.
He described a situation where someone might prefer A to B, and B to C, but then might prefer C to A (when A and C are directly compared to each other).
I can't seem to remember the name of this bias or fallacy, and I looked in the book but wasn't able to find the passage.
Anybody remember what it was?
(The last time I posted a behavioral economics question on here, some people protested that it didn't belong here. For your information, Kahneman has a Nobel in Economics, so please take your objections to the Nobel Committee. Thank you and good day.)
Update: the term is: "Preference Reversal"