Social choice theory is a theoretical framework that explores how individuals' preferences can be aggregated to make collective decisions. It encompasses a variety of methods and principles for assessing and determining the best course of action in situations where multiple individuals have differing preferences, needs, or choices. Key aspects of social choice theory include: 1. **Voting Systems**: The study of various electoral systems and how they influence the outcomes of elections. This includes methods such as plurality voting, ranked-choice voting, and others.
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