Paradox of Voting

Discipline: Economics

Also known as Arrow's theorem.

Developed by American economist Kenneth Arrow (1921- ), paradox of voting states that if there are more than two choices facing voters in a majority democratic selection process, a stalemate will result.

Also see: impossibility theorem

Source:
K J Arrow, 'A Difficulty in the Concept of Social Welfare', Journal of Political Economy, vol. LVIII (1950), 328-46;
Social Choice and Individual Values (New York, 1966)

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