Tuesday, 8 November 2016

Voting paradoxes and Arrow's impossibility theorem

In ECON110, we don't have nearly enough time to cover the theory of public choice as well as I would like. We do manage to cover some of the basics of the Condorcet Paradox and Arrow's impossibility theorem. Alex Tabarrok at Marginal Revolution recently pointed to this video by Paul Stepahin, which looks at several voting paradoxes. Given the events about to unfold in the U.S., it seems timely. Enjoy!

[HT: Marginal Revolution]

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