Unpublished Paper
Marquis de Condorcet and von Neumann: Voting Paradox, Economic Growth and Linear Programming
(2021)
Abstract
von Neumann's original invention of the minimax theorem had the unintended consequences of finding the most conservative way to play a 2-person zero sum game, a model of economic growth and linear programming. Condorcet discovered the voting paradox two centuries earlier that upset standard models of transitive preferences. This led to complications for game theory.
Keywords
- minimax,
- voting paradox,
- transititivity,
- linear programming,
- economic growth
Disciplines
Publication Date
Summer August 26, 2021
Citation Information
Lester G Telser. "Marquis de Condorcet and von Neumann: Voting Paradox, Economic Growth and Linear Programming" (2021) Available at: http://works.bepress.com/lester_telser/140/