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Dianela Davila
on Nov 05, 2024

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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.
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AA
Amilia AnuarNov 05, 2024
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