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Description: Netlog classic case of Pareto optimality, Pareto optimal (English: Pareto optimality), the most suitable or Pareto, also known as Pareto efficiency (English: Pareto efficiency), is an important concept in economics, and game theory, engineering and social sciences have been widely used. Another concept that is closely related to it is Pareto's improvement.
Pareto optimality refers to an ideal state of resource allocation. Given the inherent group of people and the resources that can be allocated, if one changes from one distribution state to another, without making any situation worse, it will make at least one person better, which is Pareto improvement. Pareto's best state is that there can be no more improvement of Pareto's condition. In other words, it is impossible to improve someone's condition without damaging anyone else.
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