Economics Dictionary of Arguments

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 Arrow’s Theorem - Economics Dictionary of Arguments
 
Arrow’s theorem: The Arrow theorem, established by Kenneth Arrow in 1951, shows that it is impossible to create a voting system that fulfills all desirable criteria simultaneously. It shows that no voting method can avoid paradoxes and ensure fairness, transitivity and independence from irrelevant alternatives in all situations, which has implications for political decision-making and social choice theory. See also Social choice theory.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.
 
Author Item    More concepts for author
D’Agostino, Fred Arrow’s Theorem   D’Agostino, Fred
Public Choice Theory Arrow’s Theorem   Public Choice Theory
Weale, Albert Arrow’s Theorem   Weale, Albert

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Ed. Martin Schulz, access date 2024-03-28