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Hardcover Rational Man and Irrational Society?: An Introduction and Sourcebook Book

ISBN: 080391850X

ISBN13: 9780803918504

Rational Man and Irrational Society?: An Introduction and Sourcebook

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Format: Hardcover

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Book Overview

The Prisoner's Dilemma and Kenneth Arrow's General Possibility Theorem, are two of the most simple, yet far-reaching concepts in social science. The first captures in an easily understood paradox how individually rational acts that benefit individual people can combine to produce a result that is of less benefit to everyone. The Arrow Theorem shows that there is no formula for ranking the preferences of many people into a rational aggregate. This...

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