Arrow's Impossibility Theorem: Two Simple Single-Profile Versions
نویسندگان
چکیده
منابع مشابه
Two Errors in the ' Allais Impossibility Theorem
In his so-called 'Allais Impossibility Theorem', Allais (1988) asserts that the technique of 'generalized expected utility analysis' from Machina (1982) is invalid, on the grounds that its key tool, the 'local utility function', cannot be well-defined for preferences over finite-outcome lotteries. This paper presents a brief description of the local utility function and a summary of Allais' arg...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2008
ISSN: 1556-5068
DOI: 10.2139/ssrn.896742