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Author Question: What is the difference between the voting paradox and the Arrow impossibility theorem? What will ... (Read 144 times)

c0205847

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on: Jun 29, 2018
What is the difference between the voting paradox and the Arrow impossibility theorem?
 
  What will be an ideal response?

Question 2

Most economic growth in the world occurred between 1,000,000 B.C. and 1300 A.D.
 
  Indicate whether the statement is true or false
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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bitingbit

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Reply #1 on: Jun 29, 2018
Answer to Question 1

The voting paradox is the failure of majority voting to always result in consistent choices. The Arrow impossibility theorem is a mathematical theorem that holds that no system of voting can be devised that will consistently represent the underlying preferences of voters.

Answer to Question 2

FALSE


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