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On maximal social preference
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Title: On maximal social preference

Creator:

Łyko, Janusz ; Smoluk, Antoni

Description:

Mathematical Economics, 2014, Nr 10 (17), s. 33-52

Abstrakt:

Mathematics and physics are based on two numbers: Archimedes' constant π = 3,14... and e = 2,71... - Napier's constant. The former reflects the ratio of the perimeter of a figure to its diameter and maximizes the area, given the diameter. The solutions are the disk and the circle. The latter represents the accumulated capital paid by a bank after one year from investing one unit of money at an annual interest rate of 100% under continuous compounding. The ratio of the disk's perimeter to its diameter, i.e. π, governs omnipresent cyclical motion, whereas Napier's constant determines natural growth - exponential growth. Nature mixes both kinds of behaviour: there is equilibrium - vortices, and the cobweb model, dynamic growth. Our general remarks are corroborated by the theory of linear differential equations with constant coefficients. Social life - democracy and quality - despite the deceptive chaos of accidental behaviour, is also governed by a beautiful numeral law. This social number is λ = ⅔ whose notation is derived from the Greek λαοζ meaning crowd, people, assembly. The social number, Łyko's number, is defined by the fundamental theorem. If each alternative of a maximal relation of a given profile has its frequency in this profile greater than ⅔, then such relation is a group preference. This sufficient condition separates a decisional chaos from a stable economic and voting order - the preference. Also our everyday language makes use of λ . We distinguish with it upper states - elitist ones, from ordinary standards. The ⅔ rule implies that in each group one third of the population prevails, while the rest are just background actors. The number λ also appears, a bit of a surprise, in classical theorems of geometry.

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2014

Resource Type:

artykuł

Resource Identifier:

oai:dbc.wroc.pl:29268

Language:

eng

Relation:

Mathematical Economics, 2014, Nr 10 (17)

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Group publication title:

Mathematical Economics

Format:

application/pdf

Subject and keywords:

state of welfare 2/3 rule utylity functions Malthus’ increase Markov’s matrix

Object collections:

Last modified:

Oct 17, 2019

In our library since:

Aug 27, 2015

Number of object content hits:

323

All available object's versions:

https://www.dbc.wroc.pl/publication/32724

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Edition name Date
On maximal social preference Oct 17, 2019

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