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Decisions and Elections Donald G. Saari (University of California, Irvine)

Decisions and Elections By Donald G. Saari (University of California, Irvine)

Decisions and Elections by Donald G. Saari (University of California, Irvine)


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Summary

This highly accessible book offers undergraduates, graduates 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.

Decisions and Elections Summary

Decisions and Elections: Explaining the Unexpected by Donald G. Saari (University of California, Irvine)

It is not uncommon to be frustrated by the outcome of an election or a decision in voting, law, economics, engineering, and other fields. Does this 'bad' result reflect poor data or poorly informed voters? Or does the disturbing conclusion reflect the choice of the decision/election procedure? Nobel Laureate Kenneth Arrow's famed theorem has been interpreted to mean 'no decision procedure is without flaws'. Similarly, Nobel Laureate Amartya Sen dashes hope for individual liberties by showing their incompatibility with societal needs. This highly accessible book offers 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.

Decisions and Elections Reviews

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

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.

Additional information

NPB9780521004046
9780521004046
0521004047
Decisions and Elections: Explaining the Unexpected by Donald G. Saari (University of California, Irvine)
New
Paperback
Cambridge University Press
20011022
254
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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Customer Reviews - Decisions and Elections