Table 22-1
Three longtime friends-Sam, Diane, and Cliff-are deciding how they will spend their Saturday evening. They all agree that they should do one of three things: go to a movie, go to a concert, or go out to dinner. They also agree that they will have two pairwise votes to determine how to spend their evening, with the majority determining the outcome on each vote. The first, second, and third choices for each person are as indicated in the table below.
-Refer to Table 22-1.Which of the following statements is correct regarding the Condorcet paradox and the results of pairwise voting by Sam,Diane,and Cliff?
A) The paradox implies that pairwise voting never produces transitive preferences, and so the voting by Sam, Diane, and Cliff fails to produce transitive preferences.
B) The paradox implies that pairwise voting sometimes (but not always) produces transitive preferences, and the voting by Sam, Diane, and Cliff does produce transitive preferences.
C) The paradox implies that pairwise voting sometimes (but not always) fails to produce transitive preferences, and the voting by Sam, Diane, and Cliff fails to produce transitive preferences.
D) The paradox does not apply to the case at hand, because Diane's preferences are not individually transitive.
Correct Answer:
Verified
Q60: Asymmetric information is a problem that
A)always arises
Q61: Table 22-1
Three longtime friends-Sam, Diane, and Cliff-are
Q66: Recent developments in political economy
A)render much of
Q68: Table 22-2
The citizens of Paradoxopolis will decide
Q69: Table 22-1
Three longtime friends-Sam, Diane, and Cliff-are
Q70: Table 22-1
Three longtime friends-Sam, Diane, and Cliff-are
Q113: Which of the following offers an explanation
Q123: The field of political economy
A)casts aside most
Q139: The field of political economy
A)applies the methods
Q140: Normally, we expect voters' preferences to exhibit
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