This paper addresses the question of the consistency of utility maximization in Becker's time allocation model with Pareto optimality. We find that when the general conditions of Pareto optimality are ...

In Mario Kart, one of the classic racing games, there are several techniques such as rocket starts and drifting that can be said to be essential to gain an advantage in the race, but in the latest ...

Biological systems that perform multiple tasks face a fundamental trade-off: A given phenotype cannot be optimal at all tasks. Here we ask how trade-offs affect the range of phenotypes found in nature ...

Optimization of multiphysics analyses results in faster time to market and lower design risk for electronic systems AI-driven optimization quickly and efficiently explores design space and produces ...

One of the founders of neoclassical economics in the late 19th century was the Italian economist and sociologist Vilfredo Pareto. It might seem that the musings of a neoclassical economist over a ...

Vilfredo Pareto’s Contributions to Modern Social Theory: A Centennial Appraisal, Christopher Adair-Toteff, ed. (Routledge, 208 pp., $170) Last year marked the 100th anniversary of the death of Italian ...