What is Pareto?
1.
Pareto efficiency is enforcing something that makes somebody better off without making anybody else worse off. Net society gains as a whole.
It's like 2 guys chasing 2 girls (a blonde and a brounette). Guy 1 only likes blondes. Guy 2 only likes brounettes.
Outcomes:
Guy 1 gets both girls. Guy 2 no girl.
Guy 2 gets both girls. Guy 1 no girl.
OR,
PARETO EFFICENT OUTCOME:
Guy 1 gets the blonde, and Guy 2 gets the brounette. Each is made better off without making the other guy worse off.
See
Random Words:
1.
When you use your bong and you fill it with rootbeer instead of water for a clean, refreshing taste.
1. "Hey man, this bong water..
1.
An action of excitment, has a small degree of randomness.
fanty panty pay! Oh yaaaaaaaaaay!
See panty, pay, yay, karl, kase, woot..
1.
Saving a buck, or two
I pity the fool who does not dial 1800Collect
See 1800Collect..
