Examlex
In the first phase of an experiment,food is given to a dog and it salivates.In the second phase,a light is turned on,the food is given,and the dog salivates.After several pairings,every time the light is turned on,the dog salivates.After continual pairings with the light,the salivation begins to decrease.This is called ______.
Transitive Preferences
A condition in decision-making where if an individual prefers option A over B, and B over C, then the individual also prefers A over C.
Condorcet
A method of decision making, named after the French mathematician Marquis de Condorcet, that identifies the option that would win a majority of votes in all possible pairings against each of the other options.
Social Choice and Individual Values
A concept in welfare economics and political science that examines how to aggregate individual preferences, values, or welfare to reach collective decisions.
Condorcet Paradox
The failure of majority rule to produce transitive preferences for society.
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