A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2002; you can also visit the original URL.
The file type is
Mathematics and Democracy
Studies in Choice and Welfare
What is democracy? Democracy is a mechanism of creating the collective wisdom of a society from individual wisdoms of members of that society. However, starting from the famous Arrow's impossibility theorem that there are no reasonably good voting systems, some recent results shows that there are severe theoretical limitations for such a collective wisdom and even the mere possibility of it is somewhat doubtful. In this paper we illustrate these difficulties on a simple model of somedoi:10.1007/3-540-35605-3 fatcat:wghbztpunja3fhy2lzkaxhyhmi