Got a YouTube account?

New: enable viewer-created translations and captions on your YouTube channel!

English subtitles

← 14-04 Pareto Optimal Question

Unit 14 04 Pareto Optimal Question.mp4

Get Embed Code
2 Languages

Showing Revision 1 created 11/28/2012 by Amara Bot.

  1. The next concept I want to talk about
  2. is the concept of a pareto optimal outcome.
  3. So, this is talking about outcomes rather than strategies.
  4. The strategies are in the margins.
  5. The outcomes are in the matrix, and the pareto optimal outcome
  6. is one where there's no other outcome
  7. that all players would prefer.
  8. And this is named after the economist Pareto.
  9. What I want you to answer is
  10. is there a pareto optimal outcome in this game?
  11. Is there an outcome such that
  12. there's no other outcome that all players would prefer?