Definitions from Wiktionary (Pareto improvement)
▸ noun: (game theory, economics) A change in the allocation of a resource to a set of individuals that is an improvement for at least one and no worse for any other.
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▸ noun: (game theory, economics) A change in the allocation of a resource to a set of individuals that is an improvement for at least one and no worse for any other.
Similar:
Pareto-improvement,
Pareto optimality,
Pareto's law,
imputation,
fair division,
Pareto principle,
zero-sum game,
core,
maximin,
Pareto distribution,
more...
Opposite:
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