Hicks optimality

Short description: State of Pareto efficiency in game theory

In game theory, a Hicks-optimal outcome, named after John Hicks, is an outcome in which the total payoff for all of the players of a game is the most it could possibly be. A Hicks-optimal outcome is always Pareto efficient.

See also

• Kaldor-Hicks efficiency
• Pareto efficiency
• Nash equilibrium