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      • Key Takeaways Social choice theory is concerned with finding an optimal method that aggregates individual preferences, judgments, votes, and decisions for good rule. Kenneth Arrow is generally credited for social choice theory but the groundwork was laid by Nicolas de Condorcet in the 18th century.
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      Social Choice Theory: What it is, How it Works, Example

  2. www.investopedia.com › s › social-choice-theorySocial Choice Theory: What it is, How it Works, Example

    Sep 25, 2022 · Key Takeaways. Social choice theory is concerned with finding an optimal method that aggregates individual preferences, judgments, votes, and decisions for good...

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  4. plato.stanford.edu › entries › social-choiceSocial Choice Theory - Stanford Encyclopedia of Philosophy

    Dec 18, 2013 · Condorcet anticipated a key theme of modern social choice theory: majority rule is at once a plausible method of collective decision making and yet subject to some surprising problems. Resolving or bypassing these problems remains one of social choice theory’s core concerns.

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  6. en.wikipedia.org › wiki › Social_choice_theorySocial choice theory - Wikipedia

    Social choice theory is the study of theoretical and practical methods to aggregate or combine individual preferences into a collective social welfare function. The field generally assumes that individuals have preferences, and it follows that they can be modeled using utility functions, by the VNM theorem.

  7. www.eecs.harvard.edu › cs286r › coursesFUNDAMENTALS OF SOCIAL CHOICE THEORY - Harvard University

    This paper offers a short introduction to some of the fundamental results of social choice theory. Topices include: Nash implementability and the Muller-Satterthwaite impossibility theorem, anonymous and neutral social choice correspondences, two-party competition in tournaments, binary agendas and the top cycle, and median voter theorems.

  8. academic.oup.com › book › 52348A Primer in Social Choice Theory - Oxford Academic

    The theory of social choice starts out from the articulated opinions or values of the members of a given community or the citizens of a given society and attempts to derive a collective verdict or statement.

  9. www.eecs.harvard.edu › cs286r › coursesSocial Choice Theory - Harvard University

    Introduction. Social choice: preference aggregation Our settings. A set of agents have preferences over a set of alternatives. Taking preferences of all agents, the mechanism outputs a social preference over the set of alternatives or output a single winner. Hope to satisfy some desired properties.

  10. felixmunozgarcia.com › wp-content › uploadsChapter 12: Social Choice Theory - Felix Munoz-Garcia

    In this chapter, we consider a society with I 2 individuals, each of them endowed with his own preference relation over a set of alternatives, such as the political candidates running for o¢ ce, or the projects being considered for implementation in a region.

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