Nguyen, Hung T.; Kosheleva, Olga; Kreinovich, Vladik - In: Asian journal of economics and banking : AJEB 5 (2021) 3, pp. 226-233
Purpose - In 1951, Kenneth Arrow proved that it is not possible to have a group decision-making procedure that … is that different seemingly reasonable idea often lead to different group decision - this is known, e.g. for different … voting schemes. Design/methodology/approach - In this paper we analyze this problem from the viewpoint of decision theory …
