Konubinix' opinionated web of thoughts

Pareto Efficiency

Fleeting

Pareto efficiency or Pareto optimality is a situation where no individual or preference criterion can be made better off without making at least one individual or preference criterion worse off.

https://en.wikipedia.org/wiki/Pareto_efficiency

pareto front

The Pareto front (also called Pareto frontier or Pareto set) is the set of all Pareto efficient situations.

https://en.wikipedia.org/wiki/Pareto_efficiency

pareto optimal

Pareto optimal or Pareto efficient if no change could lead to improved satisfaction for some agent without some other agent losing or, equivalently, if there is no scope for further Pareto improvement.

https://en.wikipedia.org/wiki/Pareto_efficiency

pareto improvement

Pareto improvement is a new situation where some agents will gain, and no agents will lose.

https://en.wikipedia.org/wiki/Pareto_efficiency

pareto dominated

Pareto dominated if there exists a possible Pareto improvement.

https://en.wikipedia.org/wiki/Pareto_efficiency

Notes linking here