Prefered algorithms priority

[Christoph Anton Mitterer]

Hi.

As you probably know, one can set his prefered algorithms for a OpenPGP 
key using setpref.

How is the priority specified? Is it from left to right, meaning that an 
algorithm a left from another (b) is preferd in favour of b?
setpref <more prefered> --->--->--->---> <less prefered> ?

Best wishes,
Christoph Anton Mitterer.
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