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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.
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| rdfs:comment |
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.
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| rdfs:label |
Hicks optimality
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