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Table 8 Comparisons of social utility and individual utility between competitive equilibrium (CE) with balanced individual utilities and Nash equilibrium (NE), difference tolerance = 0.01 and average of 100 simulation runs.
Under the equilibrium condition with balanced individual utilities, the competitive economy equilibrium solution makes more users obtain higher individual utilities than Nash equilibrium solution does without sacrificing the social utility.
Moreover, in the competitive equilibrium model with balanced individual utilities, all users have identical utility value.
Kleiman's solution was ingeniously eclectic a hybrid that balanced individual liberty and state control.
Kleiman's solution was ingeniously eclectic — a hybrid that balanced individual liberty and state control.
"I don't think Greg could feel emasculated, because he is such a balanced individual and sure of himself," she added.
Similar(40)
The ethos is about developing balanced individuals.
Scientists have evidence that virtual violence can trigger aggressive thoughts and anti-social behaviour, but most reject the idea that gaming can turn otherwise balanced individuals into killers.
While the diet remained nutritionally balanced, individuals living in western urban areas experienced rationing of less than 700 kcal per day [35], [36].
Dr. Colfax must balance individual and communal care.
How should teachers balance individual and group needs?
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