Examlex
Giving a group a task that exhibits incompatible complexity:
Maximize Utility
The economic theory or objective of achieving the highest level of satisfaction possible with available resources.
Borda Count
A voting method in which voters rank candidates or options, and points are assigned based on the position in which each option is ranked, used to determine a consensus winner.
Independence of Irrelevant Alternatives
A principle in decision theory stating that the preference between two options should not change because of the introduction of new alternatives.
Median Voter
A theoretical concept that suggests the outcome of a majority vote is most likely to represent the preferences of the voter who is in the middle of the political spectrum.
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