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2012 Reprint of 1951 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. 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.
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2012 Reprint of 1951 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. 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.
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Social Choice and Individual Values
Anbieter: WorldofBooks, Goring-By-Sea, WS, Vereinigtes Königreich
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Paperback. Zustand: Very Good. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Artikel-Nr. GOR008813510
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Social Choice and Individual Values
Anbieter: Bookbot, Prague, Tschechien
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Softcover. Zustand: As New. Leichte Abnutzungen. The book presents Kenneth Arrow's groundbreaking work that established modern social choice theory, integrating social ethics with voting and economic principles. Central to this study is the "General Possibility Theorem," also known as Arrow's impossibility theorem, which asserts that no social choice rule can meet certain reasonable criteria without imposing restrictions on individual preferences or the neutrality of alternatives. This work expands on the voting paradox, illustrating the potential instability of majority voting outcomes. Artikel-Nr. 0f5ac67c-cc83-4003-961e-1ef59b85b3ed
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