Arrow's Impossibility Theorem

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August 31, 2024 4 min read Definitions
Collective Choice: The Aggregation of Individual Preferences
Economics Political Science Voting Systems Social Choice Theory Majority Voting Borda Count Arrow's Impossibility Theorem
An in-depth exploration of the methods and implications of aggregating individual preferences into social choices, with a focus on voting systems and their theoretical underpinnings.
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August 31, 2024 4 min read Definitions
Social Choice: Collective Decision-Making by Societies
Social Sciences Economics Social Choice Theory Collective Decision-Making Arrow's Impossibility Theorem Welfare Economics Public Choice
Understanding how societies make collective decisions, including the historical context, theories, mathematical models, and practical implications.
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August 24, 2024 3 min read Definitions
Arrow's Impossibility Theorem: The Paradox of Voting Systems
Economics Social Sciences Political Science Arrow's Impossibility Theorem Voting Systems Social Choice Theory Kenneth Arrow Fairness Criteria
Arrow's Impossibility Theorem, a social choice theory paradox, demonstrates the inherent limitations in designing a perfect voting system that meets all fairness criteria.
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