Pareto Efficiency: Explained using examples

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  • Опубліковано 2 гру 2024

КОМЕНТАРІ • 24

  • @eminecanankoca7390
    @eminecanankoca7390 2 роки тому +5

    thank you so much, finally I found someone made me understand

  • @lalala7122
    @lalala7122 2 роки тому +13

    you explained it very clearly

  • @073-sakthivels2
    @073-sakthivels2 2 роки тому

    Super bro it's much more clear

  • @prf7237
    @prf7237 2 роки тому +2

    Brilliant explanation!

  • @peterkasongomwelwa9325
    @peterkasongomwelwa9325 Рік тому

    Impressive

  • @mawiark6516
    @mawiark6516 2 роки тому

    Keep going in english it helps a lot

  • @aeri_lofi
    @aeri_lofi 2 місяці тому

    THANK YOU SO MUCH! ToT

  • @sandrasuresh2528
    @sandrasuresh2528 3 роки тому

    Thank you

  • @sarabelled.a.2846
    @sarabelled.a.2846 2 роки тому

    so helpful !

  • @riyasethi4616
    @riyasethi4616 2 роки тому

    best

  • @pieterjan2colpaert213
    @pieterjan2colpaert213 3 роки тому

    thx!!

  • @xyz-pg3zd
    @xyz-pg3zd Рік тому

    Basically someone is getting ducked over

  • @johnathanhunter1351
    @johnathanhunter1351 Рік тому

    0 2 2 2 4 is not Pareto Efficient. Miko is worse off because she wanted 'fewer' (a small number of) bars not no bars. 1 2 2 2 3 would be efficient.

    • @Darvin-Breen
      @Darvin-Breen Рік тому

      0 is still fewer than one

    • @johnathanhunter1351
      @johnathanhunter1351 Рік тому

      @itzflyboyofficial5533 fewer means a smaller number. 0 is supposed to represent the absence of negative and positive numbers. It represents nothing, not fewer things.

    • @Darvin-Breen
      @Darvin-Breen Рік тому

      @@johnathanhunter1351 no fewer simply means lower than what you already have.
      Lets change the example so you understand better. Lets use hours of work. If Mike prefers fewer hours of work and he currently has to work 2 hours , this doesn’t mean once he gets to 1hour he will be okay. The concept of needing fewer implies that you prefer as few as possible so Mike prefers having fewer books(fewer than whatever he is currently having) . This can only stop at 0 when there is nothing left to give up.
      Sorry for the long text

    • @johnathanhunter1351
      @johnathanhunter1351 Рік тому

      @itzflyboyofficial5533
      Fewer implies she still wants at least 1. Otherwise, she would say she didn't want any.
      Fewer is less of, not none.
      I'm being finicky, but words to me are Important.
      I guess she needs to be more specific!

    • @asataala9477
      @asataala9477 7 місяців тому

      @@johnathanhunter1351 to me saying fewer makes perfect sense. zero is fewer than 1 and so she prefers zero over one. to say she doesn't want any means that having zero is of highest benefit to her, but doesn't necessarily mean that having one is better than having two. I know it's an old thread but I comment anyways haha