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third best. In DICTIOUS you will not only get to know all the dictionary meanings for the word
third best, but we will also tell you about its etymology, its characteristics and you will know how to say
third best in singular and plural. Everything you need to know about the word
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English
Alternative forms
Adjective
third best (not comparable)
- (economics) Characterized by being a third best in the below sense.
1997 Mar, Lars E. O. Svensson, “Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts”, in The American Economic Review, volume 87, number 1, pages 98–114: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
third best (plural third bests)
- (economics) A second best that is second best relative to a situation that is itself a second best.
Antonyms