The Real News Network

Kenneth Arrow’s (Ignored) Impossibility Theorem

Kenneth Arrow, one of the giants of economics, has died at the age of 95. He became a Nobel Laureate in 1972. As a young lawyer in 1977, I saw him in action as an expert witness on the subject of risk ...
GIGAZINE

What is Arrow's impossibility theorem, which states that it is impossible to design an electoral system that always satisfies multiple standards of fairness simultaneously?

Kenneth Arrow proposed the ' Arrow's Impossibility Theorem, ' which states that 'if two or more voters have three or more choices, there is no fair voting system.' The mathematics YouTube channel PBS ...
JSTOR Daily

Kenneth Arrow’s impossibility theorem stretching to other fields

Public Choice, Vol. 179, No. 1/2, Special Issue: Honoring Kenneth Arrow (April 2019), pp. 125-131 (7 pages) Arrow’s impossibility result not only had a profound influence on welfare economics, but was ...
heraldscotland

Obituary - Kenneth Arrow, economist known for the Impossibility Theorem

KENNETH Arrow, who has died aged 95, was a hugely respected Nobel prize-winning economist whose theories on risk, innovation and the basic mathematics of markets influenced thinking on everything from ...
PBS

Arrow's Impossibility Theorem

The bizarre Arrow’s Impossibility Theorem, or Arrow’s Paradox. The bizarre Arrow’s Impossibility Theorem, or Arrow’s Paradox, shows a counterintuitive relationship between fair voting procedures and ...