Dictionary

Glossary of game theory terms.

Hicks Optimal

Named after John Hicks, Hicks optimality is a measure of efficiency. An outcome of a game is Hicks optimal if there is no other outcome that results in greater total payoffs for the players. Thus, a Hicks optimal outcome is always the point at which total payoffs across all players is maximized. A Hicks optimal outcome is always Pareto optimal.

updated: 15 August 2005
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