Source: wikibot/price-of-anarchy-in-auctions
= Price of anarchy in auctions
{wiki=Price_of_anarchy_in_auctions}
The Price of Anarchy (PoA) is a concept from game theory, particularly in the context of auctions and other competitive scenarios. It measures how the efficiency of a given outcome in a strategic game (where players act out of self-interest) compares to the optimal outcome that could be achieved if all players acted in a cooperative manner.