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Kenneth J. Arrow Lecture Ser.: Arrow Impossibility Theorem by Amartya Sen and Eric Maskin (2014, Hardcover)
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About this product
Product Identifiers
PublisherColumbia University Press
ISBN-100231153287
ISBN-139780231153287
eBay Product ID (ePID)121019130
Product Key Features
Number of Pages160 Pages
LanguageEnglish
Publication NameArrow Impossibility Theorem
SubjectGame Theory, Political Process / Campaigns & Elections, Probability & Statistics / General, General, Logic, Economics / Theory
Publication Year2014
TypeTextbook
Subject AreaMathematics, Political Science, Social Science, Business & Economics
AuthorAmartya Sen, Eric Maskin
SeriesKenneth J. Arrow Lecture Ser.
FormatHardcover
Dimensions
Item Height0.8 in
Item Weight12.6 Oz
Item Length8.7 in
Item Width6.6 in
Additional Product Features
Intended AudienceScholarly & Professional
LCCN2014-007031
TitleLeadingThe
Dewey Edition23
ReviewsHow vital it is to understand the ideas behind Kenneth J. Arrow's impossibility theorem if we want to design reasonably fair ways of coming to consensus decisions that take equitable account of individual preferences. This book is a marvelous introduction to the theorem, a keystone in the theory of social choice. We are treated to a discussion of that theory-its origin, background, and the challenges it points to-by some of its great architects., The pioneers of social choice theory give us lively, enjoyable and stimulating lectures and exchanges of ideas. Their views, more than sixty years after the publication of Arrow's theorem, are of paramount interest to anyone aware of the difficulties of collective decisions., How vital it is to understand the ideas behind Kenneth Arrow's Impossibility Theorem ifwe want to design reasonably fair ways of coming to consensus decisions that take equitableaccount of individual preferences. This book is a marvelous introduction to the theorem, akeystone in the theory of social choice. We are treated to a discussion of that theory itsorigin, background, and the challenges it points to by some of its great architects., The pioneers of social choice theory give us lively, enjoyable, and stimulating lectures and exchanges of ideas. Their views, more than sixty years after the publication of Kenneth J. Arrow's theorem, are of paramount interest to anyone aware of the difficulties of collective decisions., How vital it is to understand the ideas behind Kenneth J. Arrow's impossibility theorem if we want to design reasonably fair ways of coming to consensus decisions that take equitable account of individual preferences. This book is a marvelous introduction to the theorem, a keystone in the theory of social choice. We are treated to a discussion of that theory--its origin, background, and the challenges it points to--by some of its great architects., Without hyperbole, no postwar intellectual of the first rank has done more good for more people--above all, many of the world's poorest--than Amartya Sen., Without hyperbole, no postwar intellectual of the first rank has done more good for more people-above all, many of the world's poorest-than Amartya Sen., What is Arrow's impossibility theorem? Why is it true? What are its implications for democratic decision making? Is its nihilism justified? These are the kinds of questions addressed in Maskin and Sen's masterful Arrow lectures. These lectures and the accompanying essays provide an accessible introduction to Kenneth J. Arrow's theorem for the neophyte and much food for thought for the cognoscente., How vital it is to understand the ideas behind Kenneth J. Arrow's impossibility theorem if we want to design reasonably fair ways of coming to consensus decisions that take equitable account of individual preferences. This book is a marvelous introduction to the theorem, a keystone in the theory of social choice. We are treated to a discussion of that theory -- its origin, background, and the challenges it points to -- by some of its great architects., Without hyperbole, no postwar intellectual of the first rank has done more good for more people -- above all, many of the world's poorest -- than Amartya Sen., What is Arrow's Impossibility Theorem? Why is it true? What are its implications for democratic decision-making? Is its nihilism justified? These are the kinds of questions addressed in Maskin's and Sen's masterful Arrow Lectures. These lectures and the accompanying essays provide an accessible introduction to Arrow's Theorem for the neophyte and much food for thought for the cognoscente.
Grade FromCollege Graduate Student
IllustratedYes
Dewey Decimal324.6/5
Table Of ContentAcknowledgments Introduction, by Prasanta K. Pattanaik Part 1: The Lectures Opening Remarks, by Joseph E. Stiglitz Arrow and the Impossibility Theorem, by Amartya Sen The Arrow Impossibility Theorem: Where Do We Go From Here?, by Eric Maskin Commentary, by Kenneth J. Arrow Part II: Supplemental Materials The Informational Basis of Social Choice, by Amartya Sen On The Robustness of Majority Rule, by Partha Dasgupta and Eric Maskin The Origins of the Impossibility Theorem, by Kenneth J. Arrow Notes on Contributors
SynopsisKenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, and Maskin discusses how to design a voting rule that gets us closer to the ideal--given the impossibility of achieving the ideal. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth J. Arrow himself, as well as essays by Maskin, Dasgupta, and Sen outlining the mathematical proof and framework behind their assertions., Kenneth J. Arrow's "impossibility theorem" was a watershed in welfare economics, voting theory, and collective choice. This book explores the implications of Arrow's theorem. Amartya Sen considers its value and limitations in relation to social reasoning, and Eric Maskin discusses how to design a voting rule that gets us closer to the ideal.
LC Classification NumberJF1001.M275 2014
As told toDasgupta, Partha, Arrow, Kenneth, Pattanaik, Prasanta
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