Price of Anarchy
From MgmtWiki
Definition
The ration between the worst possible Nash equilibrium and the social optimum as a means of the effectiveness of the system.
This is a somewhat technical page. For more about Anarchy click on that wiki page link.
Context
References
- ↑ Moshe Y. Vardi, What do Computing and Economics have to say to Each Other? CACM 67 No 9 p. 5 (2024-03)
