Social Choice and Individual Values EPUB
by Kenneth Joseph Arrow
EPUB
Description
Kenneth Arrow's monograph "Social Choice and Individual Values" and a theorem within it created modern social choice theory, a rigorous melding of social ethics and voting theory with an economic flavor.
The work culminated in what Arrow called the "General Possibility Theorem," better known thereafter as Arrow's (impossibility) theorem.
The theorem states that, absent restrictions on either individual preferences or neutrality of the constitution to feasible alternatives, there exists no social choice rule that satisfies a set of plausible requirements.
The result generalizes the voting paradox, which shows that majority voting may fail to yield a stable outcome.-Print ed.
Information
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Download - Immediately Available
- Format:EPUB
- Publisher:Barakaldo Books
- Publication Date:08/05/2020
- Category:
- ISBN:9781839744426
Information
-
Download - Immediately Available
- Format:EPUB
- Publisher:Barakaldo Books
- Publication Date:08/05/2020
- Category:
- ISBN:9781839744426