Robert Lind's work with this man proved that under certain conditions, risky public projects should be evaluated solely on their expected net benefit since the social cost of the risk tends to zero.
Robert Lind's work with this man proved that under certain conditions, risky public projects should be evaluated solely on their expected net benefit since the social cost of the risk tends to zero. An analysis of land development under uncertainty is named after Claude Henry, Anthony Fisher, and this man, who concluded that "the laissez-faire solution for medicine is intolerable" in "Uncertainty and the Welfare Economics of Medical Care." Ken-Ichi Inada extended one of this man's results concerning social welfare. Amartya Sen's "liberal paradox" builds off of the work of this man, whose most famous result is expanded upon in the Gibbard-Satterthwaite theorem. For 10 points, name this American welfare economist who showed that certain criteria prevent some voting systems from ranking candidates in his namesake "Impossibility Theorem."
Robert Lind's work with this man proved that under certain conditions, risky public projects should be evaluated solely on their expected net benefit since the social cost of the risk tends to zero.
Kenneth Arrow