Question
Amartya Sen names a paradox that challenges whether a concept named for this man can coexist with liberalism and unrestrictedness. For 10 points each:
[10h] Name this Italian economist who names a condition that exists when it is impossible to make any one individual or group better off without making someone else worse off.
ANSWER: Vilfredo Federico Damaso Pareto [or Wilfried Fritz Pareto]
[10e] The Greenwald-Stiglitz theorem claims that the Pareto efficiency can not occur with imperfect information or in incomplete examples of these structures. These systems in which goods are exchanged are termed “free” when prices are determined only by supply and demand.
ANSWER: markets [accept free markets; accept incomplete markets]
[10m] The Pareto efficiency is one criteria for fairness in Arrow’s Impossibility theorem, which deals with limitations on this process.
ANSWER: voting
<Social Science - Social Science - Economics>
Data
| Team | Opponent | Part 1 | Part 2 | Part 3 | Total |
|---|---|---|---|---|---|
| Daniel Boone Academy | Trinity B | 0 | 0 | 0 | 0 |
| Hastings A | Hunter B | 0 | 10 | 10 | 20 |
| Hastings B | Mather B | 0 | 10 | 0 | 10 |
| Hunter A | Downingtown STEM | 10 | 10 | 10 | 30 |
| Mather C | Stuyvesant B | 0 | 10 | 0 | 10 |
| Stuyvesant A | East Brunswick A | 0 | 10 | 0 | 10 |
| moving finger A | Mather A | 10 | 10 | 10 | 30 |
| moving finger B | North Babylon A | 0 | 10 | 0 | 10 |
| moving finger C | Great Valley | 0 | 10 | 0 | 10 |
Summary
| Tournament | Edition | Exact Match? | Heard | PPB | Easy % | Medium % | Hard % |
|---|---|---|---|---|---|---|---|
| 2024 FARSI @ Columbia | 12/08/2024 | Y | 9 | 14.44 | 89% | 33% | 22% |