🎴 Flashcard Mode
The Sen Impossibility Theorem
Card1 / 15
Mastered0
Review0
QuestionClick to flip
What is the Sen Impossibility Theorem?
AnswerClick to flip back
A
A theorem that states that it is impossible to design a social welfare function that satisfies certain desirable properties.
💡 Explanation:
The Sen Impossibility Theorem states that it is impossible to design a social welfare function that satisfies certain desirable properties, such as Pareto efficiency, unanimity, and independence of the distribution of income.