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Arrow's impossibility theorem
theorem that with ≥3 options, no ranked voting system can convert individuals’ preferences into a complete transitive ranking while also fulfilling unrestricted domain, nondictatorship, Pareto efficiency and independence of irrelevant alternatives
Pronunciation
/ˈarəʊz ɪmˌpɒsɪˈbɪlɪti ˈθɪərəm/
/ˈæroʊz ɪmˌpɑsəˈbɪlədi ˈθiərəm/
Categories
paradox
theorem