The ________ states that the derivation of group preference from individual preference is indeterminate.
A) anchoring bias
B) impossibility theorem
C) Condorcet paradox
D) bandwagon effect

Question

Quizplus · Accepted Answer

The impossibility theorem, also known as Arrow's impossibility theorem, states that it is impossible to create a ranking system that correctly reflects the preferences of individuals in a group. This means that it is impossible to derive a group preference from the individual preferences in a way that satisfies a set of desirable criteria such as transitivity, independence, and unanimity. This theorem has significant implications for voting systems and political decision-making.

The ________ States That the Derivation of Group Preference from Individual