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

Eric Maskin, Amartya Sen




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 | #686999 in Books |  Eric Maskin Amartya Sen |  2014-07-22 | Original language:English | PDF # 1 |  8.30 x.70 x5.70l,.0 | File type: PDF | 168 pages

 | The Arrow Impossibility Theorem Kenneth J Arrow Lecture Series

||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

Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation 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 Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitat...

You easily download any file type 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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