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.
To be weak;(used as an insult)
Mike put 100 pounds up on the bench he is jacked like jill
See Diego..
1.
An unusual or incongruous situation.
There's a car in your living room? What a holehausen!..
1.
The state of competence which occurs before whatever causes the need for rehabilitation.
Dude, you were never habilitated to begin with..
