Arrow's Theorem

[New Entry by Michael Morreau on October 13, 2014.] Kenneth Arrow's "impossibility" theorem - or "general possibility" theorem, as he called it - answers a very basic question in the theory of
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[New Entry by Michael Morreau on October 13, 2014.] Kenneth Arrow's "impossibility" theorem - or "general possibility" theorem, as he called it - answers a very basic question in the theory of collective decision-making. Say there are some alternatives to choose among. They could be policies, public projects, candidates in an election,...

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News source: Stanford Encyclopedia of Philosophy

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