The Condorcet Paradox

question 119

Multiple Choice

The Condorcet paradox

• A)proved that the Arrow impossibility theorem is wrong.
• B)was proved wrong by the Arrow impossibility theorem.
• C)serves as an example of the Arrow impossibility theorem.
• D)pertains to voting systems, whereas Arrow's Impossibility Theorem does not.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values are from the average.

Standard Deviation

A statistical measure of the dispersion or spread in a set of data, indicating how much variation exists from the average.

Index Fund

A type of mutual fund or exchange-traded fund (ETF) designed to replicate the performance of a specific benchmark index.