Decisions and Elections

Explaining the Unexpected

Decisions and Elections

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.


 Reviews:

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

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