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Arrovian Aggregation Models Breitscheidstr. 10 abstract: The short story ¿To

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abstract: The short story ¿To Build a Fire¿ written by Jack London was first published in 1908 and is seen as a ¿masterpiece of short fiction¿ (Reesman 39) and ¿his best short story¿ (Peterson 3)

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Arrovian Aggregation Models Breitscheidstr. 10 abstract: The short story ¿ToAggregation of individual opinions into a social decision is a problem widely observed in everyday life. For centuries people tried to invent the `best' aggregation rule. In 1951 young American scientist and future Nobel Prize winner Kenneth Arrow formulated the problem in an axiomatic way, i. e., he specified a set of axioms which every reasonable aggregation rule has to satisfy, and obtained that these axioms are inconsistent. This result, often

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