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    Pareto-indifference requires that no agent prefers one eq... — Carmelics
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    Challenges→The two traffic equilibria are not Pareto-indifferent

    Pareto-indifference requires that no agent prefers one equilibrium to the other, but risk-averse drivers strictly prefer the yellow-slowing equilibrium as it reduces collision probability.

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    Key Terms

    Collision probability(in probability and traffic safety)
    The mathematical likelihood or chance that two objects (in this case, cars) will crash into each other.
    Pareto-indifference(in economics and decision theory)
    A situation where no one can be made better off without making someone else worse off—so everyone is equally satisfied with the current state of affairs.
    Risk-averse(describing the reasoning behind the difference principle)
    A preference for playing it safe rather than taking chances; choosing a guaranteed smaller gain over a risky bet for a bigger gain.
    agent(Economics terminology applied to medical ethics)
    The party in a principal-agent relationship who is instructed to produce the good or service on the principal's behalf — in the medical context, the doctor

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    equilibrium(Game-theoretic analysis of revolt in networks)
    A stable state configuration in which, given the thresholds and knowledge structure, the specified pattern of revolt is sustained because at least the threshold number of players revolt in every relevant state.

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    Democracy & Governance1 linkedConsequentialism1 linked

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    The two traffic equilibria are not Pareto-indifferent

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