third best
third best adjective: characterized by being a third best in the below sense.
Adjective
third best (not comparable)
- Characterized by being a third best in the below sense.
- 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.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
Noun
third best (plural third bests)
- A second best that is second best relative to a situation that is itself a second best.
Antonyms of third best
- first best
- second best
- fourth best
Forms of third best
| Adjective | |
|---|---|
| alternative form | third-best |
| Noun | |
| plural | third bests |
Questions about third best
- What does third best mean?
- Third best means characterized by being a third best in the below sense.
- What part of speech is third best?
- Third best can be an adjective or a noun.
Words near third best in the dictionary
Source and license
Adapted from Wiktionary: third best (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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