Examlex
Find the indefinite integral.
Condorcet Paradox
A situation in social choice theory where collective preferences can be cyclic (i.e., not transitive), even if the individual preferences within the group are rational and transitive. It highlights the complexity of voting systems and decision making.
Individual Preferences
The personal likes or dislikes of an individual, which influence their decisions and behavior.
Social Preferences
Social Preferences indicate how individuals’ decision-making is influenced by the welfare of others, beyond self-interest.
Transitivity
In decision theory, the principle that if option A is preferred over B, and B is preferred over C, then A should be preferred over C.
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