= Price of fairness
{wiki=Price_of_fairness}
The "price of fairness" is a concept derived from economics and game theory that refers to the potential costs that individuals or groups incur when they prioritize fairness or equity in decision-making processes over their own self-interest or the most efficient outcomes. In various scenarios, particularly in negotiations, business settings, or resource allocation, the pursuit of fairness can lead to suboptimal results or inefficiencies.
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