Asked by
Dianela Davila
on Nov 05, 2024Verified
The voting paradox is an example of the
A) impossibility theorem.
B) the Coase theorem.
C) Tiebout hypothesis.
D) free-rider problem.
Voting Paradox
A situation in social choice theory where collective preferences can be cyclic (i.e., not transitive), even if the preferences of individual voters are not, leading to a lack of consistent aggregation of individual preferences into a coherent group order.
Impossibility Theorem
A principle, also known as Arrow's impossibility theorem, stating that it is impossible to devise a social welfare function that fairly ranks societal preferences in the presence of three or more options.
- Acquire knowledge about voting discrepancies and the impact of majority governance.
Verified Answer
AA
Learning Objectives
- Acquire knowledge about voting discrepancies and the impact of majority governance.