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Social Choice Theory
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== <span style="color: #FFFFFF;">Remembering</span> == * '''Social Choice Theory''' β The analysis of collective decision-making and how individual views become a single group choice. * '''Arrow's Impossibility Theorem''' β The mathematical proof that no voting system can satisfy a specific set of "Fairness" criteria simultaneously. * '''Condorcet Paradox''' β A situation where a group prefers A over B, B over C, and C over A (a "Cycle" with no winner). * '''Ranked Choice Voting (RCV)''' β A system where voters list candidates in order of preference (1st, 2nd, 3rd). * '''Borda Count''' β Assigning points to ranks (e.g., 3 points for 1st place, 2 for 2nd) and summing them up. * '''Gibbard-Satterthwaite Theorem''' β The proof that almost every voting system can be "Gamed" by strategic voting (lying about your preference). * '''Independence of Irrelevant Alternatives (IIA)''' β The idea that the choice between A and B shouldn't change just because a third candidate (C) enters the race. * '''Dictatorship Criterion''' β The requirement that the group's decision shouldn't just be whatever one single person wants. </div> <div style="background-color: #006400; color: #FFFFFF; padding: 20px; border-radius: 8px; margin-bottom: 15px;">
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