Pareto optimal: related pages
Efficient markets
A market in which securities prices reflect all available information.
Nash equilibrium
In game theory, a situation in which no player has an incentive to change their strategy.
Dominance
A strategy dominates another if it is guaranteed to lead to a better results.
Zero sum game
A game in which each player can gain only at the expense of others - the total pay-offs are fixed.
Utility
The satisfaction that individuals gain from buying goods or services. A key economic concept.
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