Pareto Efficiency

TagLast edit: Jun 20, 2024, 7:22 PM by Gunnar_Zarncke

In welfare economics or choice theory, we are looking for “best” outcomes. An outcome is called Pareto efficient or Pareto optimal if there are no ways left to make one person better-off, unless we are willing to make some other person worse-off.

The Pareto front consists of all Pareto-efficient situations.

Canonical post: Being the (Pareto) Best in the World

This tag is about articles explaining or exploring different aspects of this concept.

Being the (Pareto) Best in the World

johnswentworthJun 24, 2019, 6:36 PM

480 points

61 comments3 min readLW link 3 reviews

The Pareto Best and the Curse of Doom

ScrewtapeFeb 21, 2024, 11:10 PM

120 points

21 comments9 min readLW link

Dath Ilan vs. Sid Meier’s Alpha Centauri: Pareto Improvements

David UdellApr 28, 2022, 7:26 PM

35 points

16 comments2 min readLW link

Predicted corrigibility: pareto improvements

Stuart_ArmstrongAug 18, 2015, 11:02 AM

8 points

2 comments2 min readLW link

Reflexive Oracles and superrationality: Pareto

Stuart_ArmstrongMay 24, 2017, 8:35 AM

16 points

0 comments2 min readLW link

Fat Tails Discourage Compromise

niplavJun 17, 2024, 9:39 AM

53 points

5 comments1 min readLW link

Deriving Conditional Expected Utility from Pareto-Efficient Decisions

Thomas KwaMay 5, 2022, 3:21 AM

24 points

1 comment6 min readLW link

[Question] If individual performance is Pareto distributed, how should we reform education?

yhoisethMay 24, 2021, 12:22 PM

27 points

26 comments2 min readLW link

Writing On The Pareto Frontier

johnswentworthSep 17, 2021, 12:05 AM

77 points

12 comments3 min readLW link

Evaporation of improvements

ViliamJun 20, 2024, 6:34 PM

29 points

27 comments2 min readLW link

In the Pareto world, liars prosper

Stuart_ArmstrongDec 8, 2011, 2:15 PM

28 points

33 comments2 min readLW link

Pareto improvements are rarer than they seem

philhJan 27, 2018, 10:23 PM

27 points

13 comments3 min readLW link

(reasonableapproximation.net)

A small improvement to Wikipedia page on Pareto Efficiency

Edwin EvansNov 18, 2024, 2:13 AM

8 points

0 comments1 min readLW link

No comments.

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