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The Arrow Impossibility Theorem (Kenneth J. Arrow Lecture Series)

Eric Maskin, Amartya Sen




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 | #910528 in eBooks |  2014-07-08 |  2014-07-08 | File type: PDF

||8 of 8 people found the following review helpful.| Short and to the point|By Athan|Let's say all the boys in class decide to rank their favorite 20 cars.

So every boy writes down on a piece of paper his own ranking of those 20 cars and then we go about listing how we would like to work it all out.

0. Suppose we want our ranking to be transitive. So if I know that in the final ranking the Mercedes is above| |Without hyperbole, no postwar intellectual of the first rank has done more good for more people―above all, many of the world's poorest―than Amartya Sen. (Boyd Tonkin The Independent)

What is Arrow's impossibility theorem? Why is it true?

Kenneth Arrow's pathbreaking "impossibility theorem" was a watershed in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book, Amartya Sen and Eric Maskin explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relat...

You can specify the type of files you want, for your device.The Arrow Impossibility Theorem (Kenneth J. Arrow Lecture Series)   |  Eric Maskin, Amartya Sen. I really enjoyed this book and have already told so many people about it!

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