Arrow Impossibility Summary
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Description
Although it is human nature to want basic principles of equality and to help the least advantaged, in practice we run up against two problems. People differ in their opinions and sometimes it is impossible to achieve a consensus based on equal representation.
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This principle deals with the nature of values and the values of nature. Despite the extensive amount of research on this topic, policy makers often muddle the different types of value, making ‘category errors’ that result in some strange decision-making with unintended consequences.
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