Associations to the word «Pareto»

PARETO DISTRIBUTION, noun. (statistics) A probability distribution such that for a random variable X with that distribution holds that the probability that X is greater than some number x is given by \(\Pr(X>x)=\left(\frac{x}{x_\mathrm{m}}\right)^{-k}\) for all x ≥ xm, where xm is the (necessarily positive) minimum possible value of X, and k is a positive parameter.

PARETO EFFICIENT, adjective. (game theory) (economics) Describing a situation in which the profit of one party cannot be increased without reducing the profit of another.

PARETO IMPROVEMENT, noun. (game theory) (economics) A change in the allocation of a resource to a set of individuals that is an improvement for at least one and no worse for any other.

PARETO IMPROVEMENTS, noun. Plural of Pareto improvement

PARETO OPTIMAL, adjective. (game theory) (economics) Describing a situation in which the profit of one party cannot be increased without reducing the profit of another.

PARETO OPTIMAL, adjective. (game theory) Describing a strategy that cannot be made to perform better against one opposing strategy without performing less well against another.

PARETO PRINCIPLE, noun. The principle that describes the phenomenon wherein a small percentage of a population accounts for a large proportion of a particular characteristic of that population.

PARETO, noun. Italian sociologist and economist whose theories influenced the development of fascism in Italy (1848-1923).