Examlex
What do you call a law based on previous events or precedents?
Community Spending
The allocation of funds by local, municipal, or community entities towards projects and services that benefit the community.
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.
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