diff --git a/journal/2021-02-01.md b/journal/2021-02-01.md index c10472e78..32e57f7ef 100644 --- a/journal/2021-02-01.md +++ b/journal/2021-02-01.md @@ -3,4 +3,5 @@ - [[push]] [[dyokomizo]] - [[academic urban legends]] - [[clay shirky]] -- [[mwiik]] \ No newline at end of file +- [[mwiik]] +- [[pareto efficiency]] \ No newline at end of file diff --git a/pareto-efficiency.md b/pareto-efficiency.md new file mode 100644 index 000000000..e3284eedd --- /dev/null +++ b/pareto-efficiency.md @@ -0,0 +1,12 @@ +# Pareto Efficiency + +- [[go]] https://en.wikipedia.org/wiki/Pareto_efficiency + - [[quote]] Given an initial situation, a Pareto improvement is a new situation where some agents will gain, and no agents will lose. + - A situation is called Pareto dominated if there exists a possible Pareto improvement. + - A situation is called Pareto optimal or Pareto efficient if no change could lead to improved satisfaction for some agent without some other agent losing or if there's no scope for further Pareto improvement. + + +[//begin]: # "Autogenerated link references for markdown compatibility" +[go]: go "Go" +[quote]: quote "Quote" +[//end]: # "Autogenerated link references" \ No newline at end of file