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The condition in which the economy is producing what people want at least possible cost pareto efficiency; pareto optimality A condition in which no change is possible that will make some members of society better off w/o making some other members of society worse off. pareto efficient change makes at least one party better off and no party worse off.
The optimality model is a tool used to evaluate the effects of costs and benefits on animal behavior in the natural world. This evaluation allows researchers to make predictions about an animalâs optimal behavior. Optimality modeling is the modeling aspect of optimization theory. It allows for the visualization of the costs and benefits that influence the outcome of a decision and contributes to an understanding of animal adaptations.