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8 - Preferences and Beliefs

Published online by Cambridge University Press:  23 November 2009

Norman Schofield
Affiliation:
Washington University, St Louis
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Summary

INTRODUCTION

The great theorems of social mathematics discovered during the twentieth century can be separated into those that emphasize equilibrium and those that hint at chaos, inconsistency, or irrationality.

The equilibrium results all stem from Brouwer's Fixed Point theorem (Brouwer, 1910): A continuous function from the ball to itself has a fixed point. The theorem has been extended to cover correspondences (Kakutani, 1941) and infinite-dimensional spaces (Fan, 1961) and has proved the fundamental tool in showing the existence of equilibria in games (von Neumann, 1928; Nash, 1950, 1951), in competitive economies (von Neumann, 1945; Arrow and Debreu, 1954; McKenzie, 1959; Arrow and Hahn, 1971), and in coalition polities (Greenberg, 1979; Nakamura, 1979).

The first of the inconsistency results is the Gödel-Turing theorem on the decidability-halting problem in logic (Gödel, 1931; Turing, 1937): Any formal logic system (able to encompass arithmetic) will contain propositions whose validity (or truth value) cannot be determined within the system. Recently this theorem has been used by Penrose (1989, 1994) to argue against Dennett (1991, 1995) that the behavior of the mind cannot be modelled by an algorithmic computing device. A version of the Turing theorem has been used more recently to show that learning and optimization are incompatible features of games (Nachbar, 1997, 2001, 2005). There is still controversy over the meaning of the Gödel theorems, but one interpretation is that mathematical truths may be apprehended even when no formal proof is available (Yourgrau, 1999; Goldstein, 2005).

Type
Chapter
Information
Architects of Political Change
Constitutional Quandaries and Social Choice Theory
, pp. 243 - 275
Publisher: Cambridge University Press
Print publication year: 2006

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  • Preferences and Beliefs
  • Norman Schofield, Washington University, St Louis
  • Book: Architects of Political Change
  • Online publication: 23 November 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511606892.009
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  • Preferences and Beliefs
  • Norman Schofield, Washington University, St Louis
  • Book: Architects of Political Change
  • Online publication: 23 November 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511606892.009
Available formats
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Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Preferences and Beliefs
  • Norman Schofield, Washington University, St Louis
  • Book: Architects of Political Change
  • Online publication: 23 November 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511606892.009
Available formats
×