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by asuidyasiud
4204 days ago
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The point is that invoking an impossibility theorem oftentimes - and also in this case - demonstrates that the formalization one has chosen to work with is not a desirable one. For example, if a group of people by some social process comes to a consensus then arguably this represents the "will of the people". Thus it makes sense to reason about this concept without requiring the existence of ranked preferences. |
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The whole point of Arrow is that you need some very strong assumptions (e.g., cardinal preferences) to define a "will of the people". The only real world expression of cardinal preferences is a set of supply&demand curves, however - based on this the "will of the people" says Uber should exist.