What Do We Know About the Arrow Impossibility Theorem in the History

question 127

Multiple Choice

What do we know about the Arrow impossibility theorem in the history of political economy

• A)It was proved by Arrow mathematically and definitively.
• B)It has not been taken seriously since the 1970s.
• C)It was overturned by the median voter theorem in the 1990s.
• D)It runs counter to most people's intuition in that it establishes the "relevance of irrelevant alternatives."

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Definitions:

Romantic Relationship

A deep and intimate relationship that involves emotional and physical intimacy, often characterized by love and affection between partners.

High Levels

Typically refers to situations, measurements, or quantities that are considerably above the average or norm, often implying a degree of intensity, concentration, or proficiency.

Actor-Observer Bias

The tendency to attribute one's own actions to external factors while attributing others' actions to their personality or disposition.

External Causes

Factors or events outside an individual that are believed to influence their behavior or psychological state.