Definition of "optimality" []

• The property of being optimal. (noun)

Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License

• "Organisms and cultures constantly modulate both telic orientation and process relations for optimality in the evolutionary sense — optimality is achieved, if at all, in the aggregate and never in the instance, but cannot be achieved at all programmatically, or algorithmically, whether the algorithm or program be defined by ends or means."
• "Those who argue that Microsoft has created many millionaires ignore the (perhaps more waelth) that could have been created in a more open and competitive market - though market optimality is possibly unpredictable."
• "The predictions of standard economic theory – the expectation that freely operating markets will produce a certain kind of optimality – only hold good as long as the markets are not marred by serious imperfections."