Definition from Wiktionary, the free dictionary
See also: Pareto-optimal
- (game theory, economics) Describing a situation in which the profit of one party cannot be increased without reducing the profit of another.
- (game theory) Describing a strategy that cannot be made to perform better against one opposing strategy without performing less well against another.
- This term can also be used to compare situations such that the situation in which fewer Pareto improvements can be made is considered more Pareto optimal.
- (describing a situation) Pareto efficient