Chapter 1 Vocabulary

Chapter 1 Vocabulary - Riley Woods September 19, 2011...

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Riley Woods September 19, 2011 Period 3 Chapter 1 Vocabulary: 1. Arrow’s Impossibility Theorem: states that it is mathematically impossible for a democratic voting method to satisfy all of the fairness criteria. 2. Borda Count Method: in this method each place on a ballot is assigned points. In an election with N candidates we give 1 point for last place 2 points, for second from last place, and so on. 3. Condorcet Candidate: a candidate preferred by a majority of the voters over every other candidate when the candidates are compared in head-in-head comparisons. 4. Condorcet Criterion: basic criterion for fairness in an election, these candidates should be the winner of an election. 5. Extended Ranking Methods: natural extensions that can be used to produce a ranking of the candidates. 6. Independence-of-irrelevant-alternative Criterion: the method of pairwise comparisons violates a fairness criterion. 7.
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This note was uploaded on 02/08/2012 for the course ECON 101 taught by Professor Gilbert during the Spring '11 term at Wisc Whitewater.

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Chapter 1 Vocabulary - Riley Woods September 19, 2011...

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