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equilibrium criterion

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  • Determination of equilibrium constants — Equilibrium constants are determined in order to quantify chemical equilibria. When an equilibrium constant is expressed as a concentration quotient, it is implied that the activity quotient is constant. In order for this assumption to be valid… …   Wikipedia

  • The Intuitive Criterion — DefinitionThe Intuitive Criterion, first described in 1987 Cho and Kreps article, is a refinement of the solution concept that allows the modeller to choose between multiple perfect Bayesian equilibria.Formally, we can eliminate a particular… …   Wikipedia

  • Nash equilibrium — A solution concept in game theory Relationships Subset of Rationalizability, Epsilon equilibrium, Correlated equilibrium Superset of Evolutionarily stable strategy …   Wikipedia

  • Condorcet criterion — Part of the Politics series Electoral methods Single winner …   Wikipedia

  • Chemical equilibrium — In a chemical reaction, chemical equilibrium is the state in which the concentrations of the reactants and products have not yet changed with time. It occurs only in reversible reactions, and not in irreversible reactions. Usually, this state… …   Wikipedia

  • On the Equilibrium of Heterogeneous Substances — In the history of thermodynamics, On the Equilibrium of Heterogeneous Substances is a 300 page paper written by American mathematical engineer Willard Gibbs. It is one of the founding papers in thermodynamics, along with German physicist Hermann… …   Wikipedia

  • Dynamic stochastic general equilibrium — modeling (abbreviated DSGE or sometimes SDGE or DGE) is a branch of applied general equilibrium theory that is influential in contemporary macroeconomics. The DSGE methodology attempts to explain aggregate economic phenomena, such as economic… …   Wikipedia

  • Optimality criterion — In statistics, an optimality criterion provides a measure of the fit of the data to a given hypothesis. The selection process is determined by the solution that optimizes the criteria used to evaluate the alternative hypotheses. The term has been …   Wikipedia

  • Cass criterion — The Cass Criterion is a central result in theory of overlapping generations models in economics. It is named after David Cass.citation | last1 = Cass| first1 = David | year=1972 |title= On capital overaccumulation in the aggregative neoclassical… …   Wikipedia

  • Arrow's impossibility theorem — In social choice theory, Arrow’s impossibility theorem, the General Possibility Theorem, or Arrow’s paradox, states that, when voters have three or more distinct alternatives (options), no voting system can convert the ranked preferences of… …   Wikipedia

  • Nuclear fusion — Nuclear physics Radioactive decay Nuclear fission Nuclear fusion Classical dec …   Wikipedia

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