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    What Is Pareto'S Best?

    2011/4/6 14:26:00 93

    Pareto'S Improvement Of Pareto'S Optimal Fairness And Efficiency

     

    Pareto optimality

    (Pareto Optimality), also known as Pareto efficiency (Pareto Efficiency), Pareto improvement, Pareto optimal configuration, is

    game theory

    Important concepts, and are widely used in economics, engineering and social sciences.

    Pareto optimality is an ideal state of resource allocation, that is, the assumption that an inherent group of people and resources can be allocated, from a distribution state to another state of change, can not make any person's situation better without causing any deterioration of the situation.

    In other words, it is impossible to improve the situation of some people without damaging anyone else.


    This concept is named after the name of Vilfredo Pareto, an economist in Italy. He first used this concept in the study of economic efficiency and income distribution.

     


    Pareto optimality (Pareto Optimality), also known as Pareto efficiency (Pareto efficiency).

    Pareto optimality and Pareto improvement are important concepts in game theory and are widely used in economics, engineering and social sciences.

      


    Pareto optimality is a state of resource allocation. Without making any situation worse, it is impossible to make some people better off.


      

    Pareto Pareto improvement is a change that makes at least one person better without causing any deterioration in circumstances.


     


    On the one hand, Pareto optimality refers to the state of not improving Pareto's performance; on the other hand, Pareto's improvement is the path and method to achieve Pareto's best.

    Pareto optimality is

    Fairness and efficiency

    The "ideal kingdom".

     


      

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