Hicks optimality

In game theory, a Hicks-optimal outcome, named after John Hicks, is an outcome in which the total payoff for all of the players of a game is the most it could possibly be. A Hicks-optimal outcome is always Pareto efficient.

This article is issued from Wikipedia - version of the 7/29/2011. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.