Islam, Jamal and Mohajan, Haradhan and Moolio, Pahlaj (2008): Preference of Social Choice in Mathematical Economics. Published in: Indus Journal of Management & Social Sciences , Vol. 3, No. 1 (20. April 2009): pp. 1838.

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Abstract
Mathematical Economics is closely related with Social Choice Theory. In this paper, an attempt has been made to show this relation by introducing utility functions, preference relations and Arrow’s impossibility theorem with easier mathematical calculations. The paper begins with some definitions which are easy but will be helpful to those who are new in this field. The preference relations will give idea in individual’s and social choices according to their budget. Economists want to create maximum utility in society and the paper indicates how the maximum utility can be obtained. Arrow’s theorem indicates that the aggregate of individuals’ preferences will not satisfy transitivity, indifference to irrelevant alternatives and nondictatorship simultaneously so that one of the individuals becomes a dictator. The Combinatorial and Geometrical approach facilitate understanding of Arrow’s theorem in an elegant manner.
Item Type:  MPRA Paper 

Original Title:  Preference of Social Choice in Mathematical Economics 
English Title:  Preference of Social Choice in Mathematical Economics 
Language:  English 
Keywords:  Utility Function, Preference Relation, Indifference Hypersurface, Social Choice, Arrow’s Theorem. 
Subjects:  C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C65  Miscellaneous Mathematical Tools 
Item ID:  50665 
Depositing User:  Haradhan Kumar Mohajan 
Date Deposited:  16. Oct 2013 06:57 
Last Modified:  16. Oct 2013 07:07 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/50665 