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The Arrow Impossibility Theorem

Eric Maskin, Amartya Sen with Kenneth J. Arrow, Partha Dasgupta, Prasanta K. Pattanaik, Joseph E. Stiglitz
Format
Book
Published
New York : Columbia University Press, [2014]
Language
English
Series
Kenneth J. Arrow Lecture Series
Kenneth J. Arrow Lecture Series (New York, N.Y.)
ISBN
9780231153287, 0231153287, 9780231526869 (ebook)
Summary
Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, and Maskin discusses how to design a voting rule that gets us closer to the ideal -- given the impossibility of achieving the ideal. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth J. Arrow himself, as well as essays by Maskin, Dasgupta, and Sen outlining the mathematical proof and framework behind their assertions.
Description
vi, 152 pages ; 22 cm.
Notes
Includes bibliographical references.
Technical Details
  • Access in Virgo Classic
  • Staff View

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    a| The Arrow impossibility theorem / c| Eric Maskin, Amartya Sen with Kenneth J. Arrow, Partha Dasgupta, Prasanta K. Pattanaik, Joseph E. Stiglitz.
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    a| New York : b| Columbia University Press, c| [2014]
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    c| ©2014
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    a| vi, 152 pages ; c| 22 cm.
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    a| text b| txt 2| rdacontent
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    a| unmediated b| n 2| rdamedia
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    a| volume b| nc 2| rdacarrier
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    a| Kenneth J. Arrow lecture series
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    a| Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, and Maskin discusses how to design a voting rule that gets us closer to the ideal -- given the impossibility of achieving the ideal. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth J. Arrow himself, as well as essays by Maskin, Dasgupta, and Sen outlining the mathematical proof and framework behind their assertions.
    650
      
    0
    a| Voting.
    650
      
    0
    a| Social choice.
    650
      
    0
    a| Probabilities.
    650
      
    0
    a| Voting x| Mathematical models.
    650
      
    0
    a| Social choice x| Mathematical models.
    650
      
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    a| Probabilities x| Mathematical models.
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    a| Sen, Amartya, d| 1933- e| author.
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    a| Arrow, Kenneth J. q| (Kenneth Joseph), d| 1921-2017
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    a| Dasgupta, Partha.
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    1
      
    a| Pattanaik, Prasanta K.
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    1
      
    a| Stiglitz, Joseph E.
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    a| Kenneth J. Arrow lecture series (New York, N.Y.)
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    999
      
      
    a| JF1001 .M275 2014 w| LC i| X031651365 l| STACKS m| ALDERMAN t| BOOK
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