Pareto Optimality

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Systems Innovation

Systems Innovation

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Pareto optimality in game theory answers a very specific question of whether an outcome can be better than the other? Pareto optimality is a notion of efficiency or optimality for all the members involved. An outcome of a game is Pareto optimal if there is no other outcome that makes every player at least as well off and at least one player strictly better off. That is to say, a Pareto optimal outcome cannot be improved upon without hurting at least one player.
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Пікірлер: 13
@69erthx1138
@69erthx1138 4 жыл бұрын
You had me at Pareto's optimality.
@laravisser7614
@laravisser7614 Жыл бұрын
would like an worked out example on how to find one
@Jaiston
@Jaiston 6 жыл бұрын
Very good Presentation.
@LatpateShubhamManikrao
@LatpateShubhamManikrao 3 жыл бұрын
nicely explained
@farabiahmed7541
@farabiahmed7541 6 жыл бұрын
smooth presentation with good vidual objects... 💘
@BB-wh2vm
@BB-wh2vm 4 жыл бұрын
@3:21 How is 3:0 Pareto efficient cause it make the person worse of by far
@yudong8820
@yudong8820 4 жыл бұрын
since improving 0 to 1 will cause the first player drop from 3 to 2, where at equilibrium 1:1, one of the player can increase 1 to 2 without hurting the other.
@meloanddiiv1418
@meloanddiiv1418 3 жыл бұрын
@@yudong8820 The first player wont drop from 3 to 2, but 3 to 1 or 3 to 1, if they decide to change their strategi
@janettew3511
@janettew3511 4 жыл бұрын
nice
@WakaWaka2468
@WakaWaka2468 3 жыл бұрын
Hi
@olimikkelsen8788
@olimikkelsen8788 3 жыл бұрын
John nash
@wobbel4487
@wobbel4487 3 жыл бұрын
What a very annoying voice. Is it computer-generated?
@ammarseud5461
@ammarseud5461 2 жыл бұрын
What an annoying comment. Is this a bot?
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