What is Codorcet's paradox?
A) An option that beats all other options in a series of pair-wise contests.
B) A situation in which an actor has cyclical (non-transitive) preferences over alternatives.
C) A situation in which the collective preferences of a group are not guaranteed to be rational, even though each of the actors in the group individually have rational preferences.

Question

Quizplus · Accepted Answer

Condorcet's paradox describes a situation where collective preferences can be cyclic (non-transitive), meaning that even if individual preferences are rational, the group's aggregated preferences may not be.

What Is Codorcet's Paradox