w88 casino News Network (Reporter Huang Xin)11month11日夜7Points，2008The Economic, w88 and Cultural Festival kicked off at the Chengxin three-story international conference hall of w88 casino. At the opening ceremony of this cultural festival, Mao Yushi, the most influential economist in China, revealed to w88 casino students an important concept in game theory - "Pareto Optimality", and explored with the students how to optimize the allocation of resources and seek the best integration of capital. Zhao Zhongxiu, dean of the w88 casino of International Economics and w88, delivered a speech at the opening ceremony. Zhao Hongtao, deputy secretary of the Party Branch of the w88 casino of International Economics and w88, attended the opening ceremony.
First of all, Zhao Zhongxiu, dean of the w88 casino of Economics and w88, announced the official opening of the 2008 Economic, w88 and Culture Festival. Zhao Zhongxiu said that the subprime mortgage crisis had a huge impact on the world economy, and students should learn from it and accumulate experience. In this economic recession, this economic, w88 and cultural festival will carry the significance of the new era and bring more exciting activities to students. Then, Dean Zhao Zhongxiu invited Professor Mao Yushi to the stage to explain "Pareto Optimality" to the students.
Lecture begins,Mao YushiThe professor picked up the cardboard he brought with him and asked the students "How to fold the cardboard to make it into a cuboid with the largest volume", and then introduced the concept of "Pareto optimality". Pareto optimal(Pareto Optimality), also known as Pareto efficiency and Pareto improvement, is an important concept in game theory and has been widely used in economics, engineering and social sciences. "Pareto optimality" refers to a state of resource allocation that makes it impossible to make some people's situation better without making anyone's situation worse. A "Pareto improvement" refers to a change that makes at least one person better off without making anyone worse off. On the one hand, "Pareto optimality" refers to a state where there is no room for Pareto improvement; on the other hand, "Pareto improvement" is the path and method to achieve Pareto optimality. "Pareto optimality" is the "ideal kingdom" of fairness and efficiency.
Mao YushiProfessor explains "Pareto Optimality" to students
Mao Yushi pointed out in his lecture that the country often faces difficult problems such as developing the economy while protecting the environment, wanting both faster growth of wealth and reasonable distribution of wealth. At this time, the idea of "Pareto Optimality" can be used to solve the problem: develop the economy to the maximum extent without destroying the environment; and make wealth grow as quickly as possible while the wealth distribution is reasonable. Mao Yushi said that China's reform and opening up in the past three decades also essentially contains the idea of "Pareto optimality": to continuously achieve the growth of national wealth on the premise that the society as a whole is not harmed.
At the same time, Mao Yushi also made new additions to the original "Pareto optimal" and proposed the concepts of "happy Pareto improvement" and "painful Pareto improvement". "Happy Pareto improvement" means reaching a state where no one is unhappy and at least one person is happy. Its ultimate goal is to maximize happiness, which coincides with the concept of "harmonious society" currently promoted in our country. Mao Yushi combined his personal experience during the Cultural Revolution to describe the concept of "painful Pareto improvement" - the maximization of pain. He told the students that the ultimate goal in life is not to amass wealth but to be happy. Mao Yushi gave some examples of making everyone happy without spending money, so that students can understand that in real life, they can make everyone happy without suffering any damage. During the lecture,Mao YushiThe professor interspersed some common examples in real life, making an academic lecture interesting and easy to understand.
At the end of the lecture, Mao Yushi answered various questions raised by the audience in detail. late8At around 50:00, the lecture came to a successful conclusion.
Mao Yushi:One of the most influential economists in China and an important representative of Chinese private economists.
1975Started in microeconomics research in 16040_16054|
1984Annual appointment as associate researcher and researcher at the Institute of American Studies, Chinese Academy of Social Sciences
1986Goed to the United States as a registered visiting scholar at Harvard University
1990Employed as a senior lecturer in the Department of Economics, University of Queensland, Australia
1993Retired from the Academy of Social Sciences in 18527_18559|, and co-founded the Beijing Unize Economic Research Institute with four other economists
Published "Economics in Life--Inspection of the American Market" and other books and more than 100 papers and research reports on economic theory, economic policy, energy environment, social ethics, etc.
Formerly a registered consultant of the Asian Development Bank, a Chinese expert of the Energy Working Group of the China Council for International Cooperation on Environment and Development, and a member of the International Advisory Group of the Energy Group of the Pacific Economic Cooperation Council,LEADMember of China National Council of International Training Programs,China Economic ReviewConsultant editor, vice chairman of China Energy Research Association.
