Social choice theory
Social choice theory studies how individual preferences are aggregated to form a collective choice, such as, for example in voting systems.
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Kenneth Arrow was among the early pioneers of Social Choice theory, proving the impossibility of designing a set of rules for social decision making that would conform to 'reasonable' criteria (the so-called Arrow's Impossibility Theorem, also known as the Arrow's paradox).
Related Topics:
Kenneth Arrow - Arrow's Impossibility Theorem
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