Includes bibliographical references (p. [246]-250) and indexes.
Contents:
The reason for the problems -- Brief overview of the problems -- The relationship between preferences and choice -- Do social preferences exist? -- Arrow's and Sen's impossibility theorems -- The desirable decision rule: axiomatization -- Rule selection based on compromise with the unanimity criterion -- Paradoxes of voting -- Majority tyranny -- The problems of inefficient provision of public goods -- Do individuals reveal their true preferences? -- Which rule is better: the expert rule or the simple majority rule? Decisional errors in dichotomous choice and Condorcet's jury theorem -- The optimal decision rule under uncertain dichotomous choice.
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