Concept information
Preferred term
impossibility theorem
Definition
- The first statement of the impossibility theorem is in Kenneth J. Arrow's Social Choice and Individual Values, 1951. This set theoretic theorem, based on the assumptions of rational choice theory, is a major social scientific finding that was partly responsible for Arrow's receipt of the Nobel Prize, shared with John R. Hicks, in economics in 1972, and the theorem served as the point of origin for the field of social choice. [Source: Encyclopedia of Governance; Impossibility Theorem]
Broader concept
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-FDRVB35N-R
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