What is the name of the mathematical result showing that no voting system can simultaneously satisfy the properties of unanimity, transitivity, independence of irrelevant alternatives, and no dictators?
A)The fundamental theorem of behavioral economics
B)Arrow's impossibility theorem
C)The fundamental theorem of voting
D)The median voter theorem

Question

Quizplus · Accepted Answer

Arrow's impossibility theorem, formulated by economist Kenneth Arrow, demonstrates that no voting system can perfectly satisfy all four of the mentioned fairness criteria simultaneously.

What Is the Name of the Mathematical Result Showing That