Pareto

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 economics, society, equilibrium
0

Random Words:

Zrbbt
1. The equivalent of blowing bubbles on someone's skin. This produces a "farting" sound and tickles the recipient. This te..
Read more
Engorgio
1. The spell Professor Moody uses to enlarge himself. He learned this from Dumbledore who is inevitably, gay. "Engorgio!" "..
Read more
;d;
1. just like ;-; only crying with mouth open and wide ; are the eyes D is the open mouth Person: MUKURO DIED! DID YA HEAR?? Mukuro FanG..
Read more
Book Banner