Arrow's impossibility theorem: Difference between revisions

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	'''Arrow’s impossibility theorem''', or '''Arrow’s paradox''' demonstrates the impossibility of designing a set of rules for social decision making that would obey every ‘reasonable’ criterion required by society.		'''Arrow’s impossibility theorem''', or '''Arrow’s paradox''' demonstrates the impossibility of designing a set of rules for social decision making that would obey every ‘reasonable’ criterion required by society.