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19 April 2024

18 April 2024

  • 06:3106:31, 18 April 2024 diff hist +74β€Ž Peer Review β€ŽNo edit summary current
  • 06:1006:10, 18 April 2024 diff hist +2,725β€Ž N Arrow's Impossibility Theorem β€Ž Created page with "Arrow's Impossibility Theorem, proposed by economist Kenneth Arrow in 1951, is a fundamental result in social choice theory that highlights the challenges of aggregating individual preferences into a collective or societal preference ranking. The theorem demonstrates that it's impossible to design a voting system that satisfies a set of seemingly reasonable criteria simultaneously. Here's a simplified explanation of Arrow's Impossibility Theorem: * '''Individual Prefer..." current
  • 06:0606:06, 18 April 2024 diff hist +5,370β€Ž N Social Welfare Function β€Ž Created page with "The concept of a Social Welfare Function (SWF) is often explored within the framework of welfare economics, which examines how resources can be allocated to maximize social welfare or utility. At its core, a Social Welfare Function is a theoretical construct used to represent society's preferences over alternative states of the world. It's essentially a way to aggregate individual preferences into a single measure of social welfare. Here's how it works: * '''Individua..." current
  • 05:3905:39, 18 April 2024 diff hist +36β€Ž Portal Concepts β€Ž β†’β€ŽA

17 April 2024

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