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Arrow's Impossibility Theorem: Difference between revisions
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The theorem has profound implications for democratic decision-making and the design of voting systems. It suggests that no voting method can perfectly capture the will of the people in all situations without encountering some form of paradox or inconsistency. This has led to ongoing debates in political science and economics about the best methods for collective decision-making and the trade-offs involved in different voting systems. | The theorem has profound implications for democratic decision-making and the design of voting systems. It suggests that no voting method can perfectly capture the will of the people in all situations without encountering some form of paradox or inconsistency. This has led to ongoing debates in political science and economics about the best methods for collective decision-making and the trade-offs involved in different voting systems. | ||
== On X == | |||
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|content=Rules are that it has to be in the Econ department on video with [[Gary Becker|Becker]] present at Chicago or Jorgenson at Harvard. | |||
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|content=[[Arrow's Impossibility Theorem|Arrow's impossibility theorem]] can be seen as a cohomological obstruction to constructing representative consumers without magical thinking. | |||
|timestamp=2:42 AM · Aug 29, 2009 | |||
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|nameurl=https://x.com/EricRWeinstein/status/3617738723 | |||
|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=[[Gary Becker|Becker's]] theory of [[Stable Tastes|stable homogenous tastes]] on the other hand is....words fail me...the greatest indictment of [[Peer Review|peer review]]. Ever. | |||
|timestamp=2:54 AM · Aug 29, 2009 | |||
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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=Just for a moment...put yourself in my shoes. I have an amazing theory of welfare with evolving tastes and a cult that claims [[Stable Tastes|stable tates]]. | |||
|timestamp=2:57 AM · Aug 29, 2009 | |||
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|name=Eric Weinstein | |||
|usernameurl=https://x.com/EricRWeinstein | |||
|username=EricRWeinstein | |||
|content=Why stop at [[Stable Tastes|stable tastes]]? Why not declare yourself the last Pasha of Scotland and immune from bigamy laws as a winged son of Zeus? | |||
|timestamp=3:01 AM · Aug 29, 2009 | |||
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|name=Eric Weinstein | |||
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|username=EricRWeinstein | |||
|content=$500 Challenge: Get me an invited Econ gig at Chicago / Harvard to confront the theory of ordinal welfare with [[Stable Tastes|stable homogenous tastes]]. | |||
|timestamp=3:13 AM · Aug 29, 2009 | |||
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|timestamp=3:16 AM · Aug 29, 2009 | |||
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== Related Pages == | == Related Pages == | ||