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Pareto optimal
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Pareto optimal


a Pareto-optimal way of distributing limited resources
  a situation that cannot be improved for any person without making another person worse off
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Pareto Optimal or Pareto Efficiency is an important concept in economics, political science, and game theory. It is named for Vilfredo Pareto, an Italian economist.
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Samples:
  • a Pareto-optimal way of distributing limited resources
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Associated words [difficulty]:   Pareto optimal , optimal [5] , prisoner’s dilemma [8] , suboptimal [9] , zero-sum game [9]
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Most commonly used in these subjects:   Philosophy, Public Policy & Politics, Engineering, Personal Finance, Logic & Reasoning
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