Examlex
Which of the following is true of antidiuretic hormone (ADH) ?
Condorcet Paradox
A situation in social choice theory where collective preferences can be cyclical, even if the preferences of individual voters are not.
Satisficing
A decision-making process that entails searching through the available alternatives until an acceptability threshold is met rather than looking for the best possible solution.
Arrow's Impossibility Theorem
A mathematical theorem demonstrating the impossibility of devising a voting system that simultaneously meets certain fairness criteria.
Rational Maximers
Individuals or entities that aim to achieve the highest possible benefit or utility from their actions, assuming rational decision-making processes.
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