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.
The surgical procedure performed on a female's genitals to change her sex to male. In other words, to give a woman male genitals.
..
1.
The dumbing down of something. First heard on "Unfiltered" on Air America Radio.
American Idol is a direct result of the dumb..
