Non-Fiction Books:

Decisions and Elections

Explaining the Unexpected
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Paperback / softback
$128.99
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Description

It is not uncommon to be frustrated by the outcome of an election or a decision in voting, law, economics, engineering, and other fields. Does this 'bad' result reflect poor data or poorly informed voters? Or does the disturbing conclusion reflect the choice of the decision/election procedure? Nobel Laureate Kenneth Arrow's famed theorem has been interpreted to mean 'no decision procedure is without flaws'. Similarly, Nobel Laureate Amartya Sen dashes hope for individual liberties by showing their incompatibility with societal needs. This highly accessible book offers a new, different interpretation and resolution of Arrow's and Sen's theorems. Using simple mathematics, it shows that these negative conclusions arise because, in each case, some of their assumptions negate other crucial assumptions. Once this is understood, not only do the conclusions become expected, but a wide class of other phenomena can also be anticipated.
Release date Australia
October 22nd, 2001
Audiences
  • Professional & Vocational
  • Tertiary Education (US: College)
Illustrations
16 Line drawings, unspecified
Pages
254
Dimensions
153x229x17
ISBN-13
9780521004046
Product ID
2041056

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