Pareto optimality

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[@khangembamkumar7274]

Extremely Simplified and Well Explained, Thanks a lot, Sir 👍

[@avalanche9142]

Perfect video! Concise and right on point!

[@renashamakarim8933]

Thank you, this is very helpful information.

[@Sindiswa-lg8cm]

This was helpful. Thank you

[@杨麒麟-l5r]

What is the difference between Allocative Efficiency and Pareto optimality

[@lonehumi8350]

Thnxx Sr... For simple explanation

[@EnhanceTuition]

Glad you found it helpful!

[@Vladimir_Putin_2021]

Is this similar to Production-possibility frontier Curve???

[@nigarallahveranli6767]

this video saved me, thank you so much !

[@EnhanceTuition]

Glad it helped!

[@mark-6572]

Short and sweet

[@hanamuneer8233]

@Ayaan Brantley dafug

[@hanamuneer8233]

@Emiko Lenox the fug?

[@JustinBieberFan957]

Hi sir! I was doing a past paper question (May/June 2019, QP 41, Question 2b). The question mentioned allocative efficiency but gave the definition of Pareto optimality in the marking scheme. Could you please clarify this? Thank you

[@salmanalphatron5813]

Excellent

[@aliviapatra478]

Please state pareto optimality condition

[@englishwithb32]

Thank you!

[@theamateur6731]

Sir what is the difference between pareto optimality and productive efficiency then?

[@ridazeeshan8942]

what is the difference between opportunity cost and pareto optimality

[@007bishop2]

OC only takes scarcity and choices into outcome and doesn't necessarily tell us which party is made better or worse off. That's what I feel

[@hanamuneer8233]

@@007bishop2 true, doesnt take welfare of people into considersation

[@jamesbones1668]

good explanation, but if you are going to include (c), you should label it. missing vals (even if obvious) confuse beginners. good video overall.

[@EnhanceTuition]

Great point. I’ll remember that as I make more - feedback like that is really helpful, thank you!

[@Dada-jl3lc]

does anyone know what is non pareto?

[@shubhakc2715]

good information

[@kanyesandjeffreesdaughter3295]

Thank you sir!!!

[@gynendrabhandari1106]

Thanks

[@salmahoussaini1710]

could you please give us an example of pareto optimality in the case of choosing candidates by players and via their preferences?

[@EnhanceTuition]

I’m not clear on your question. Could you clarify it for me?

[@salmahoussaini1710]

@@EnhanceTuition first thank you for your response, well, I wanted to ask about the case where we have a game where players have to choose candidates by giving the ranking of each candidate (means their preferences, example: I could prefer candidate a than candidate c than candidate d) I want to know what does it mean pareto optimal in this case, thank you

[@amarthapa457]

Say its a cricket game..
Also player A is a good bowler and B a good batsman whereas C is a good wicket keeper...
If it is decided to choose player A and B removing C then u lose good wicket keeper..
If it is decided to choose player B and C then a good bowler is loosed.. its like making better off with worse off..
It quite resembles with opportunity cost analysis..

[@hanamuneer8233]

@@amarthapa457 indian/desi spotted

[@shwethasunil4895]

An economy has 10 slave owners and 500 slaves. Explain insution of slavery is pareto optimal in this case

[@EnhanceTuition]

This question has an immoral basis. I certainly won’t dignify it with a response.

[@hanamuneer8233]

@@EnhanceTuition Sir, this is an actual question at the UPSC, or the civil service exam in india, you're response is great tho hahah! According to google its based on adam smiths theory on slavery or something. In india ppl memorise these and write exams so they can get ranked higher and receive pension when they retire along with an adequate salary even in the most mundane jobs

[@riyarani6208]

Thnks sir

[@pratibha8589]

Worth