The ________refers to the failure of transitivity in collective preferences implied by voting behavior.

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The Condorcet Paradox refers to a situation in voting theory where collective preferences can be cyclic (i.e., non-transitive), even if the preferences of individual voters are perfectly rational and transitive. This means that, in a voting scenario, it's possible for a majority to prefer option A over B, B over C, and yet C over A, leading to a failure of transitivity in collective choices.

The ________Refers to the Failure of Transitivity in Collective Preferences