I don't understand your comment. There can be many Pareto optimal outcomes. For example, "Alice gives Bob a million dollars" is Pareto optimal, even though it makes Alice worse off than the other Pareto optimal outcome where everyone keeps their money.

Yes, this was a confusion on my part. You are right that starting from a Pareto-optimal state, a pure transfer results in another Pareto-optimal state.

Open Thread, April 2011

by ata 1 min read2nd Apr 2011111 comments


It seems we have agreed that open threads will continue but that they will go in the Discussion section, so here's this month's thread.