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In welfare economics, the theory of the second best concerns the situation when one or more optimality conditions cannot be satisfied. [1] The economists Richard Lipsey and Kelvin Lancaster showed in 1956 that if one optimality condition in an economic model cannot be satisfied, it is possible that the next-best solution involves changing other variables away from the values that would ...
Second Thoughts Are Best: or, a Further Improvement of a Late Scheme to Prevent Street Robberies is a 1729 pamphlet by Daniel Defoe.He wrote it under the name of Andrew Moreton Esq., [1] presented as a dissatisfied middle-class old man who was extremely concerned about the increase in criminality around the 1720s.
The Second Best Exotic Marigold Hotel is a 2015 comedy-drama film directed by John Madden and written by Ol Parker.It is the sequel to the 2011 sleeper hit film The Best Exotic Marigold Hotel and features an ensemble cast consisting of stars Judi Dench, Maggie Smith, Dev Patel, Bill Nighy, Celia Imrie, Penelope Wilton, Ronald Pickup, David Strathairn, and Richard Gere.
More recent applications include Robert Watson-Watt propounding a "cult of the imperfect", which he stated as "Give them the third best to go on with; the second best comes too late, the best never comes"; [6] economist George Stigler's assertion that "If you never miss a plane, you're spending too much time at the airport"; [7] [8] and, in the ...
Downward-lexicographic dominance, denoted , means that has a larger probability than of returning the best outcome, or both and have the same probability to return the best outcome but has a larger probability than of returning the second-best best outcome, etc. Upward-lexicographic dominance is defined analogously based on the probability to ...
“The Second Coming” is a poem written by Irish poet William Butler Yeats in 1919, first printed in The Dial in November 1920 and included in his 1921 collection of verses Michael Robartes and the Dancer. [1] The poem uses Christian imagery regarding the Apocalypse and Second Coming to describe allegorically the atmosphere of post-war Europe ...
Related: The 14 Best Nonalcoholic Spirits, According to Bartenders Bitter is better “When building a nonalcoholic drink, remember this: Not too sweet, not too sour, and bitter is better," says King.
The National Archives states that "beds and other pieces of household furniture were often the sole bequest to a wife" and that, customarily, the children would receive the best items and the widow the second-best. [12] In Shakespeare's time, the beds of prosperous citizens were expensive affairs, sometimes equivalent in value to a small house.