Concept information
Preferred term
Arrow's impossibility theorem
Definition(s)
- Arrow's impossibility theorem is a proposition that it may be impossible to create a consistent collective decisionmaking rule. Consistent collective decision making treats individuals fairly and equitably and increases the likelihood that people will accept the outcome of a social decision. [Source: Encyclopedia of Business Ethics and Society; Arrow's Impossibility Theorem]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-W38Z59K9-R
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