Arrow’s Theorem

Voting Theory

Voting theory is the study of how individuals or groups make collective decisions through voting processes. It examines different voting methods, their properties, and potential biases. Key Characteristics / Core Concepts Voting Methods: Various systems exist, such as plurality, ranked-choice, and approval voting, each with unique properties. Strategic Voting: Voters may cast ballots not for … Read more

Social Choice Theory

Social choice theory is a field of study that examines how individuals’ preferences are aggregated into collective decisions. It explores the mechanisms used to translate individual choices into group outcomes, such as elections or committee decisions. Key Characteristics / Core Concepts Aggregation of Preferences: The core task is combining diverse individual opinions into a single … Read more