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Yes, you are correct that the wording is backwards. Switch A and B on =
p. 446 and the definition will be correct.
Gary Blumsohn
[Former NEAS 5A seminar teacher, until the transition rules killed the =
seminar]
-----Original Message-----
From: Stacie R. W. Grindstaff <corpact@eos.net>
To: Study Group 5A <studygroup5A@lists.casact.org>
Date: Wednesday, January 13, 1999 4:28 PM
Subject: Game Theory Question
=20
=20
Has anyone else noticed any typos in Landsburg's Economics book? =
For example, in Chapter 12, pg.446 under Pareto Optima he states, =
"outcome A is Pareto-preferred to outcome B if a switch from outcome A =
to outcome B would make at least one player better off without making a =
player any worse off." Am I reading this wrong or is this worded =
backwards? The discussion that follows indicates that the wording is =
backwards. What do you think?
=20
Stacie
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