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Arrow's Impossibility Theorem as a Generalisation of Condorcet's Paradox

Livson, Ori et al.
arXiv (OAI Expanded) · Papers
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theoretical-economics
Arrow's Impossibility Theorem is a seminal result of Social Choice Theory that demonstrates the impossibility of ranked-choice decision-making processes to jointly satisfy a number of intuitive and seemingly desirable constraints, including that aggregated preferences are transitive. The theorem is
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