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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The drawbacks of such an optimization are the inherent suboptimality of the solution and the introduction of many tuning parameters.
Polemarchakis "Existence, Regularity and Constrained Suboptimality of Competitive Allocations when the Asset Market is Incomplete," in Uncertainty, Information and Communication.
By taking the ratio between the fit differences of topologies ([F.sub.unconstrained], [F.sub.constrained]) and mean homoplasious characters ([F.sub.[bar.x]], [F.sub.[bar.x]+1]) suboptimality is conceived in light of how many mean homoplastic characters which gained one step are needed to explain that suboptimality [([F.sub.unconstrained] - [F.sub.constrained])/([F.sub.[bar.x]] - [F.sub.[bar.x]+1])].
on the Suboptimality of Right-of First-Refusal Clauses, econ.
Thus, the proposed solution approach can improve any possible suboptimality produced by the existing models and generate the entire set of optimal points.
As for its counterpart, PR LRTS has little suboptimality which is a noticeable quality.
Suboptimality is for the optimum control relative to the known target motion state.
This result is verified for all bit rates for m = 0.5, 1, 2, 5 (see Appendix A.2), which shows that location asymmetry causes the suboptimality of sensing accuracy in the static channel for fixed carrier sensing thresholds, and the random nature of fading aggravates it further.
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.
Acknowledgment of the "suboptimality" of any simple rule relative to an unattainable theoretical benchmark cannot be used as an excuse for defending discretion.
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.g., Blum 2008).
(28.) The suboptimality of the Taylor rule does not hold by definition, because it provides commitment, which may lead to more favorable outcomes.