Arrow's Impossibility Theorem States That Any Voting System Can Give

question 41

Essay

Arrow's Impossibility Theorem states that any voting system can give undesirable outcomes. Explain what this means.

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Definitions:

Implied Warranty

A legal term for the assurance that a product is fit for its intended purpose, even if not expressly stated.

Physical Nature

The inherent material or structural qualities of something, especially as opposed to its conceptual or virtual aspects.

Third-party Beneficiaries

Individuals or entities that, while not directly involved in a contract, stand to benefit from its execution or terms.

Reasonable and Foreseeable

A legal standard applied to determine if a person could predict or anticipate the effects of their actions in a given context.