The Arrow Impossibility Theorem States That Voting Paradoxes Are Inevitable

question 151

True/False

The Arrow impossibility theorem states that voting paradoxes are inevitable when there is democratic voting on packages of issues.

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Definitions:

Type I Errors

Incorrectly disapproving a correct null hypothesis, famously labeled as a "false positive."

Cohen's D

A statistical measure used to assess the effect size or magnitude of the difference between two group means.

Effect

The impact or change that results from some action or intervention, often measured in experiments to understand causality.

Cohen's D

A measure of effect size indicating the difference between two means expressed in standard deviation units.