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To compromise is to make a deal between different parties where each party gives up part of their demand.In arguments, compromise means finding agreement through communication, through a mutual acceptance of terms—often involving variations from an original goal or desires.
An example is of a setting where individuals have private information (for example, a labor market where the worker's own productivity is known to the worker but not to a potential employer, or a used-car market where the quality of a car is known to the seller but not to the buyer) which results in moral hazard or an adverse selection and a ...
The concept of “technical debt” was first coined by Ward Cunningham in 1992. [7] After reading Metaphors We Live By, Ward devised this "debt metaphor" to explain to his boss the need to refactor the financial product they were working on.
Greedy heuristics are known to produce suboptimal results on many problems, [6] and so natural questions are: For which problems do greedy algorithms perform optimally? For which problems do greedy algorithms guarantee an approximately optimal solution? For which problems are greedy algorithms guaranteed not to produce an optimal solution?
According to the authors of Design Patterns, there are two key elements to an anti-pattern that distinguish it from a bad habit, bad practice, or bad idea: . The anti-pattern is a commonly-used process, structure or pattern of action that, despite initially appearing to be an appropriate and effective response to a problem, has more bad consequences than good ones.
The definition of local minimum point can also proceed similarly. In both the global and local cases, the concept of a strict extremum can be defined. For example, x ∗ is a strict global maximum point if for all x in X with x ≠ x ∗ , we have f ( x ∗ ) > f ( x ) , and x ∗ is a strict local maximum point if there exists some ε > 0 such ...
Antibody-dependent enhancement (ADE), sometimes less precisely called immune enhancement or disease enhancement, is a phenomenon in which binding of a virus to suboptimal antibodies enhances its entry into host cells, followed by its replication.
In economic terms, these agents are producing less than their socially optimal output. Collectively, when a lot of individuals produce below their full potential, the economy is in a sub-optimal underemployment equilibrium.[5]