allocation

Noun

Meaning

The act of putting one thing to another; a placing; disposition; arrangement.

An allotment or apportionment; as, an allocation of shares in a company.

The admission of an item in an account, or an allowance made upon an account; -- a term used in the English exchequer.

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Examples

Just in terms of allocation of time resources, religion is not very efficient. There's a lot more I could be doing on a Sunday morning. Bill Gates

It is not possible to design a laboratory resource allocation experiment without designing an institution in all its detail. Vernon L. Smith

There are comparatively few significant inefficiencies in the allocation of the factors of production in traditional agriculture. Theodore Schultz

There are many other organizations beside the government and the firm. But all of them, whether political party or revolutionary movement, university or church, share the common characteristics of the need for collective action and the allocation of resources through nonmarket methods. Kenneth Arrow

Negotiations over a shrinking pie are especially difficult because they require an allocation of losses. People tend to be much more easygoing when they bargain over an expanding pie. Daniel Kahneman

Three precepts are offered to constitute a foundation for the use of laboratory experimental methods in testing hypotheses about the behavior of allocation mechanisms. Vernon L. Smith

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