Economics Dictionary of Arguments

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Preferences: Preferences are our relative likings for different things. They are shaped by our individual experiences, values, and goals. See also Actions, Action theory, Goals, Purposes, Experience, Values, Rationality.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

Kenneth J. Arrow on Preferences - Dictionary of Arguments

Surowiecki I 352
Preferences/Impossibility/Arrow/Surowiecki: Arrow's impossibility theorem shows why no voting process seems to meet seemingly trouble-free conditions and ensures that the outcome of the vote reflects the actual preferences of the group.
>Arrow's theorem
Surowiecki: this cannot be applied to the solution of cognitive tasks by groups, because, in theory at least, the solution of such problems is not a question of aggregating preferences.
Cf. >Colletive Intelligence/Surowiecki.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconArrow I
Kenneth J. Arrow
Social Choice and Individual Values: Third Edition New Haven 2012

Surowi I
James Surowiecki
Die Weisheit der Vielen: Warum Gruppen klüger sind als Einzelne und wie wir das kollektive Wissen für unser wirtschaftliches, soziales und politisches Handeln nutzen können München 2005

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> Counter arguments against Arrow
> Counter arguments in relation to Preferences

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