Word: theoremã
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Dates: during 2010-2010
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When confronted with this reality, political analysts and commentators often exclaim helplessness at the outcome, citing Kenneth Arrow’s “impossibility theorem?? as a justification for using a flawed voting system. Arrow, a Stanford economist, won the Nobel Prize in Economics for his theorem explaining that no voting system could perfectly represent the preferences of a group of voters. According to the theorem, a perfectly representative voting system would create an outcome where the ranking of winners would align with voter preferences, unanimity would be respected, there would be no dictators, and irrelevant choices...
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