Decisions and Elections : Explaining the Unexpected

Decisions and Elections : Explaining the Unexpected

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

Book Description
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.

Decisions and Elections : Explaining the Unexpected,Donald G. Saari,Cambridge University Press,0521004047,1921-,Arrow, Kenneth Joseph,,Business / Economics / Finance,Decision Making & Problem Solving,Decision making,Economics - General,Elections,Political Process - Elections,Political Science,Politics/International Relations,Social choice,Business & Economics / Economics / General,Economic theory & philosophy,Engineering: general,Political science & theory,Sociology, Social Studies

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