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Third best

adj, noun

Definitions

Adjective
  1. 1
    Characterized by being a third best in the below sense. not-comparable

    "This reduces the inflation bias but brings higher employment variability than is optimal, a "stabilization bias," and hence leads to a third-best equilibrium rather than the second best."

Noun
  1. 1
    A second best that is second best relative to a situation that is itself a second best.

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