Social Choice and Welfare Quiz

What is a primary focus of the social choice theory discussed?

Which of the following is NOT listed as a type of institution for making social decisions?

What is the 'Fundamental Economic Problem (Normative version)' related to?

In the context of social choices, which of the following statements is true?

What is the goal when examining institutions in social choice?

Which of the following examples is NOT related to social choices?

How does the chapter suggest approaching the study of social institutions?

Which aspect is considered fundamental in discussions about social choice?

What does it mean for a social welfare function (SWF) to satisfy universal domain?

Why does majority voting fail to satisfy the universal domain criterion?

What does a SWF need to satisfy in order to be considered to have the Pareto property?

In which context might it be reasonable to relax the universal domain requirement?

What characterizes a complete and transitive social ranking?

How can one determine whether a specific social welfare function satisfies universal domain?

What is a potential consequence of failing to meet the Pareto property in a social welfare function?

Which of the following best describes the role of normative reflection in examining social welfare functions?

What is the least contentious principle identified for a social welfare function (SWF) to be desirable?

According to Sen's Impossibility Theorem, which combination of principles cannot be satisfied simultaneously?

What does Sen's principle of liberalism assert about individual preferences?

Which example best illustrates Sen's liberalism principle?

In the context provided, what does 'richly specified state of society' refer to?

Which situation would lead to a decisive ranking according to Sen's liberalism for the alternatives a and b?

Which principle defines that an individual's preferences are only considered for alternatives they care about?

If Prude prefers c to a, what does this imply about the social ranking of these alternatives?

What does the Independence of Irrelevant Alternatives (IIA) state about social welfare functions (SWF)?

Under IIA, how should the SWF respond to two identical preference profiles concerning alternatives a and b?

If two individuals have the same preference for alternatives a and b, what impact does this have on the SWF's output concerning those alternatives?

Which statement best reflects a common misconception about IIA?

What key characteristic does a good SWF exhibit according to IIA?

In practical terms, IIA ensures that which aspect of voting or choice behavior remains unchanged?

When applying IIA, what happens to the social ordering if preferences for unrelated alternatives shift?

Which of the following illustrates the principle of IIA with the given SWF outcomes?

What is the consequence of violating the IIA principle in a SWF?

Why is the concept of IIA critical in social choice theory?

What is a defining characteristic of a dictatorship in the context of a social welfare function (SWF)?

Which criterion indicates that a SWF should not lead to dictatorial outcomes?

What does the Borda Rule primarily involve?

In the context of Arrow's Impossibility Theorem, what is required among alternatives considered?

Which statement about the social welfare function (SWF) is true?

What happens if all individuals prefer option 'a' over 'b' in a dictatorship?

What is the primary function of the Independence of Irrelevant Alternatives (IIA) criterion?

What does the Borda score of a candidate reflect?

Which condition does not apply to a dictatorship according to SWF criteria?

In a social welfare function, the Unanimity (U) condition implies that:

What main factors can influence strategic manipulation in algorithms?

Which areas of application are highlighted as utilizing collective decision procedures?

What role does empirical literature play in the understanding of school choice algorithms?

What is a major theorem related to social choice mentioned in the content?

How does institutional design relate to mathematical algorithms?

What is the importance of social epistemology in the study of algorithms?

Which factor is considered a common issue with school allocation algorithms?

What consequence can arise from the application of social choice theory in economic theory?

What is a potential research focus indicated by the content regarding algorithms?

Which characteristic is NOT mentioned as a concern regarding the performance of algorithms?

What does the proof by Reny (2000) primarily address?

How might school choice algorithms impact social outcomes?

What type of decision-making process might require the application of social choice theory?

Which assertion about the relationship between algorithms and economics is incorrect?