Decisions and Elections: Explaining the Unexpected / Edition 1

by Donald G. Saari

Overview

This highly accessible book offers undergraduates and professionals a new, different interpretation and resolution of Arrow's and Sen's theorems. Using simple mathematics, it shows that these negative conclusions arise because, in each case, some of their assumptions negate other crucial assumptions. Once this is understood, not only do the conclusions become expected, but a wide class of other phenomena can also be anticipated. These include inter alia legislative cycles, supply and demand economics, statistical paradoxes, and diverse voting/election paradoxes.

Product Details

ISBN-13:	9780521004046
Publisher:	Cambridge University Press
Publication date:	10/22/2001
Edition description:	New Edition
Pages:	254
Product dimensions:	6.02(w) x 9.02(h) x 0.67(d)

Table of Contents

1. Do we get what we expect; 2. Arrow's theorem; 3. Explanations and examples; 4. What else can go wrong?; 5. More perversities; 6. A search for resolutions; 7. From Sen to prisoners and prostitution; 8. Glossary, notes, and technical talk.

Editorial Reviews

"Explains the difficulties and concepts of decision theory without deep mathematical analysis and equations." Journal of Economic Literature

From the Publisher