Nobel Prize winner Kenneth Arrow proved a startling theorem in his PhD thesis. Arrow’s Impossibility Theorem raises big questions about democratic decision making. Episode 102 of Economics Explored features a conversation regarding what it means and how much it should concern us. University of Queensland Senior Lecturer Dr Priscilla Man discusses Arrow’s Impossibility Theorem with Economics Explored host Gene Tunny.
Links relevant to the conversation
Kenneth Arrow’s legacy and why elections can be flawed
The paradox of democracy: Arrow impossibility explained
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