Sentence examples for inefficient outcome from inspiring English sources

In contrast, statement of approval induces subjects to converge towards the most inefficient outcome.

The result for both parties depends on the individual effort that each of them puts in; uncoordinated effort levels are shown to result in an inefficient outcome.

Yet a simple change of rules prevents this "inefficient" outcome.

In this context, if we assumed that players are selfish, the unique subgame perfect Nash equilibrium would result in the inefficient outcome where all players contribute zero at every period.

It is the logic of the prisoners' situation, not their psychology, that traps them in the inefficient outcome, and if that really is their situation then they are stuck in it (barring further complications to be discussed below).

Relations between different possible payoffs follow the rule b>1>ε>0, that immediately poses the dilemma: While the rational choice is to defect, it leads to a highly inefficient outcome as compared to that obtained by two cooperators.

However, fair bargaining makes adjusting to outside options difficult and may cause inefficient outcomes.

We show that such dynamic schemes do not necessarily induce inefficient outcomes.

The results revealed that the first-price mechanism yields inefficient outcomes and a notable reduction in the seller's revenues.

By contrast, we find that symmetries in the network architecture can lead to mis-coordination and inefficient outcomes.

Although this is a baseline study involving high uncertainty about the future, the findings point at some issues with the delegation approach that could lead to inefficient outcomes.