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 satisfies reasonable requirements like fairness. From the theoretical viewpoint, this is a great result - welldeserving the Nobel Prize that was awarded to Professor Arrow. However,...