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Show new changes starting from 19:39, 24 April 2024
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22 April 2024

19 April 2024

18 April 2024

  • Peer Reviewβ€Ž 06:31 +74β€Ž β€ŽPyrope talk contribsβ€Ž
  • N Arrow's Impossibility Theoremβ€Ž 06:10 +2,725β€Ž β€ŽPyrope talk contribsβ€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...")
  • N Social Welfare Functionβ€Ž 06:06 +5,370β€Ž β€ŽPyrope talk contribsβ€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...")
  • Portal Conceptsβ€Ž 05:39 +36β€Ž β€ŽPyrope talk contribsβ€Ž (β†’β€ŽA)