One Property of Kenneth Arrow's "Perfect" Voting System Is That

question 103

Multiple Choice

One property of Kenneth Arrow's "perfect" voting system is that the ranking between any two outcomes A and B should not depend on whether some third outcome C is also available. Arrow called this property

• A)transitivity.
• B)pairwise perfection.
• C)independence of irrelevant alternatives.
• D)irrelevance of social choices.

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Definitions:

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Market Value

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