suboptimality

suboptimality

(ECONOMICS and THEORY OF GAMES) any situation in which an ‘optimal’ -or best overall – outcome (e.g. income or benefit) from the point of view of a plurality of consumers and producers cannot be determined.
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on the Suboptimality of Right-of First-Refusal Clauses, econ.
Triangle tireworld was intentionally designed to prove difficult for replanners since it required careful reasoning about the probabilities of different paths, hence the potential suboptimality of determinizing approaches that discard probabilities.
Before unconditionally endorsing the suboptimality of bilateralism, we need to be cognizant of the possibility that the vices of bilateralism and the virtues of multilateralism have both been overstated (e.
The suboptimality of the Taylor rule does not hold by definition, because it provides commitment, which may lead to more favorable outcomes.
Financial illiteracy has been implicated in the suboptimality of financial decisions and low levels of accumulated wealth (Behrman et al.
And the measure of suboptimality is precisely one's pairwise preferences.
See Schauer, supra note 98, at 22 ("[T]he idea of free speech, as contrasted with the justifications it is thought to serve, is itself an exercise in distrust, in suboptimality, and in the recognition of the frequent virtues of second-best solutions.
Schoutens, 2009, A Note on the Suboptimality of Path-Dependent Payoffs in L6vy Markets, Applied Mathematical Finance, 16(4): 315-330.
Suboptimality is achieved by decreasing (under levered, Panel A) and increasing (over levered, Panel B) the total debt by 20%.
Three very prominent arguments for atheism are: the argument from suboptimality, the problem of no best world, and the evidential argument from gratuitous evil.
Existence, Regularity, and Constrained Suboptimality of Competitive Allocations when the Asset Market is Incomplete.
Nelson's argument pertains to how patents track a suboptimality in the market (particularly regarding discount rates), while ours pertains to how patents suboptimally track market value.