A trade-off or tradeoff is a situational decision that involves diminishing or losing one quality, quantity or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing increases and another must decrease. Tradeoffs stem from limitations of many origins, including simple physics - for instance, only a certain volume of objects can fit into a given space, so a full container must remove some items in order to accept any more, and vessels can carry a few large items or multiple small items.
Tradeoffs also commonly refer to different configurations of a single item, such as the tuning of strings on a guitar to enable different notes to be played, as well as allocation a trade off is illustrated by katharine time and attention towards different tasks.
The concept of a tradeoff implies a tactical or strategic choice made with full comprehension of the advantages and disadvantages of each setup. An economic example is the decision to invest in stocks, which are risky but carry great potential return, versus bonds, which are generally safer but with lower potential returns. The term is also used widely in an evolutionary context, in which case the processes of natural selection and sexual selection are in reference as the ultimate decisive factors.
The concept of a trade-off is often used to describe a trade off is illustrated by katharine in everyday life. Similarly, trash cans that are used inside and then taken out to the street and emptied into a Dumpster can be small or large. A large trash can does not need to be taken out to the A trade off is illustrated by katharine so often, but it may become so heavy when full that the user risks strain or back injury when moving it.
The choice of waste receptacle is a trade-off between the frequency of needing to take the trash out for the Dumpster versus the ease and safety of use. In the case of food waste, a second trade-off presents itself as large trash cans are more likely to sit for a long time in the kitchen, leading to higher levels of decomposing food indoors and a potential pest attraction. With a small trash can, the can will be taken out to the Dumpster more often, thus eliminating the persist rot that attracts pests.
Of course, a user of a large trashcan could carry the can outside frequently anyway, but the heavier can would weigh more and the user would have to think more about when to take the can out, or confine themselves to a schedule, compared to a smaller can which is evidently full when it takes taking out.
In cold climates, mittens in which all the fingers are in the same compartment serve well to keep the hands warm, but this arrangement also confines finger movement and prevents the full range of hand function; gloves, with their separate fingers, do not have this drawback, but they do not keep the fingers as warm as mittens do.
As such, with mittens and gloves, warmth versus dexterity is the trade-off. In a like fashion, warm coats are often bulky and hence they impede freedom of movement for the wearer. Thin coats, such as those worn by winter sports athletes, give the wearer more freedom of movement, but they are not as warm.
When copying music from compact discs to a computer, lossy compression formats, such as MP3are used routinely to save hard disk space, but information is "thrown away" to the detriment of sound quality. Lossless compression schemes, such as FLAC or ALAC take much more disc space, but do not affect the sound quality as much, thus providing better sound.
Large cars can carry many people five or moreand since they have larger crumple zones, they may be safer in an accident. However they also tend to be heavy and often not very aerodynamic and hence have relatively poor fuel economy.
Small cars like the Smart Car can only carry two people, and their light weight means they are very fuel efficient. At the same time, the smaller size and weight of small cars means that they have smaller crumple zones, which means occupants are less protected in case of an accident. In addition, if a small car has an accident with a larger, heavier car, the occupants of the smaller car will fare more poorly.
Thus car size large versus small involves multiple tradeoffs regarding passenger capacity, accident safety and fuel economy. In athletics, sprint running demands different physical attributes from running a marathon. As such, the two contests have distinct events in competitions such as the Olympicsand each pursuit features distinct teams of athletes.
Whether a professional runner is better suited to marathon running versus sprinting is a trade-off based on the runner's morphology and physiology e. This tradeoff is chiefly from the perspective of a sport's recruiter, who decides what role a trade off is illustrated by katharine prospective athlete would best suit on a team.
In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which a trade off is illustrated by katharine the loss of the most preferred alternative given up. A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service or experience, rather than others that could be made or obtained using the same required resources. For example, for a person going to a basketball game, their opportunity cost is the loss of the alternative of watching a particular television program at home.
Many factors affect the tradeoff environment within a particular country, including availability of raw materials, a skilled labor force, machinery for producing a product, technology and capital, market rate to produce that product on reasonable time scale, and so forth. A trade-off in economics is often illustrated graphically by a Pareto frontier named after the economist Vilfredo Paretowhich shows the greatest or least amount of one thing that can be attained for each of various given amounts of the other.
As an example, in production theory the trade-off between output of one good and output of another is illustrated graphically by the production possibilities frontier. The Pareto frontier is also used in multi-objective optimization.
In financethe capital asset pricing model includes an efficient frontier that shows the highest level of expected return that any portfolio could have given any particular level of risk, as measured by the variance of portfolio return. In biology and microbiologytradeoffs occur when a beneficial change in one trait is linked to a detrimental change in another trait. Tradeoffs are important in engineering. Similarly, tradeoffs are used to maximise power efficiency in medical devices whilst guaranteeing the required measurement quality [7].
In demographytradeoff examples may include maturity, fecundityparental care, paritysenescenceand mate choice. For example, the higher the fecundity number of offspringa trade off is illustrated by katharine lower the parental care that each offspring will receive. Parental care as a function of fecundity would show a negative sloped linear graph.
A related phenomenon, known as demographic a trade off is illustrated by katharine, arises when the different components of species life cycles survival, growth, fecundity, etc show negative correlations across the distribution ranges [8] [9]. For example, survival may be higher towards the northern edge of the distribution, while fecundity or growth increases towards the south, leading to a compensation that allows the species to persist along an environmental gradient.
Contrasting trends in life cycle components may arise through tradeoffs in resource allocationbut also through independent but opposite responses to environmental conditions.
In computer sciencetradeoffs are viewed as a tool of the trade. A program can often run faster if it uses more memory a space—time tradeoff. Consider the following examples:.
Strategy board games often involve tradeoffs: In a worst-case scenario, a chess player might even tradeoff the loss of a valuable piece even the Queen to protect a trade off is illustrated by katharine King. In Goyou might trade thickness for influence. Ethics often involves competing interests that must be traded off against each other, such as the interests of different people, or different principles e.
In medicinepatients and physicians are often faced with difficult decisions involving tradeoffs. One example is localized prostate cancer where patients need to weigh the possibility of a prolonged life expectancy against possible stressful or unpleasant treatment side-effects patient trade-off. Governmental tradeoffs a trade off is illustrated by katharine among the most controversial political and social difficulties of any time.
All of politics can be viewed as a series of tradeoffs based upon which core values are most core to a trade off is illustrated by katharine most people or politicians. Political campaigns also involve tradeoffs, as when attack ads may energize the political base but alienate undecided voters.
From Wikipedia, the free encyclopedia. Aguilar Pelaez et al. Retrieved from " https: Views Read Edit View history. In other projects Wikiquote. This a trade off is illustrated by katharine was last edited on 17 Aprilat By using this site, you agree to the Terms of Use and Privacy Policy.
This is a very important step: if we will need to make a manual trade, we will know what to do. BTC Rover Investiture Edition with the appropriate badges as described below and in BTC Address has had 68 transactions and has a balance of 0.
Also, I wouldn't encourage to trade with all of your capital.