Social Choice and Individual Values

Arrow, Professor Kenneth Joseph

ISBN 10: 1614273456 / ISBN 13: 9781614273455

Editore: Martino Fine Books, 2012

The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. Codice articolo GOR008813510

Riassunto:

2012 Reprint of 1951 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Kenneth Arrow's monograph "Social Choice and Individual Values" and a theorem within it created modern social choice theory, a rigorous melding of social ethics and voting theory with an economic flavor. The work culminated in what Arrow called the "General Possibility Theorem," better known thereafter as Arrow's (impossibility) theorem. The theorem states that, absent restrictions on either individual preferences or neutrality of the constitution to feasible alternatives, there exists no social choice rule that satisfies a set of plausible requirements. The result generalizes the voting paradox, which shows that majority voting may fail to yield a stable outcome.

Product Description: Book by Arrow Kenneth Joseph

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Titolo: Social Choice and Individual Values
Casa editrice: Martino Fine Books
Data di pubblicazione: 2012
Legatura: Paperback
Condizione: Very Good