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Three friends are choosing a restaurant for dinner. Here are their preferences: a. If the three friends use a Borda count to make their decision, where do they go to eat? b. On their way to their chosen restaurant, they see that the Mexican and French restaurants are dosed, so they use a Borda count again to decide between the remaining two restaurants. Where do they decide to go now? c. How do your answers to parts (a) and (b) relate to Arrow’s impossibility theorem?
Principles of Economics (MindTap C...
Principles of Economics (MindTap C...
Three friends are choosing a restaurant for dinner. Here are their preferences:
a. If the three friends use a Borda count to make their decision, where do they go to eat?
b. On their way to their chosen restaurant, they see that the Mexican and French restaurants are dosed, so they use a Borda count again to decide between the remaining two restaurants. Where do they decide to go now?
c. How do your answers to parts (a) and (b) relate to Arrow’s impossibility theorem?
Subpart (a):
Explanation of Solution
By Borda count, for each choice, we could give 1 point for last place, 2 points for second to last, 3 points for third to last, 4 points for fourth to last, and so on. The outcome that receives the most total points wins...
Subpart (b):
Subpart (c):
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