Game Theory 101 (#52): Pareto Efficiency

Описание к видео Game Theory 101 (#52): Pareto Efficiency

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An outcome is Pareto efficient if there is no other outcome that gives at least one player a greater payoff while giving no other player a worse payoff. An outcome is Pareto inefficient if there is at least one other outcome that gives at least one player a greater payoff while giving no other player a worse payoff.

Because expected utility transformations render interpersonal utility comparisons meaningless, Pareto efficiency is the standard measure of efficiency in game theory and economics.

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