Pareto Efficiency

Burkhard C. Schipper of the University of California, Davis, introduces Pareto efficiency.

[@inuken9561]

Why do youtube videos always explain concepts better than my college professors

[@amayoka]

I learnt something monumental today: Welfare economics has little to do with equality. I had previously thought that pareto-efficiency was equality. Excellent illustration, clearly, you can't be worse off by missing what you never had (Like Bob in the illustration)

[@gabriela-yj8lq]

I went through whole bunch of videos and blogs and your video was THE FIRST ONE to properly explain this to me, big thank you!

[@shagurtham]

Very well and accurately explained compared to any other one on YT. Thanks

[@CeynteShow]

Thanks for making me understands this concept, you are the reason I'm going to pass my exam. Insha allah Tomorrow i'm sitting Mid-term exam for IntermediateMicroeconomics.
my allah make easy. pray for me.
mny thnks Mr. Burkhard C. Schipper

[@chepalay6469]

i know its been 6 months, but im just doing econ for my high school's Decathlon haha. But how did you do on your Mid term?

[@muellerd123]

that's really ALLAH! great. that this video ALLAH AKBAR could help you prepare for your exam. ALLAAAAAAAAAAALALALALALA

[@CeynteShow]

@@chepalay6469 I have earned higher marks. But i graduated now Alhamdullilah.

[@CeynteShow]

@@muellerd123 at that time it was complexity to understand pareto efficiency coz teachers they don't explain the way you want to understand the things.

[@disintegratev6951]

you know it gonna be a good video when the prof provides free white noise :D

[@goojialiang163]

better than my college lecturer

[@昨日明後日のショー]

exactly

[@faridaelsayed2933]

This is the first time I ever comment on any video, but I had to! you are the reason I'm going to pass my exam.

[@jm-px3mr]

Finally realized what Pareto efficiency means at 28 haha

[@mwanginjoroge1470]

Wonderful,,this video is of great help.

[@ashita1130]

Best video on this topic. Thanks!

[@thiruneelakandan7006]

Excellent sir, love your kindly explain...

[@abdulmalikibrahim2398]

Thank u sir
The best tutorial so far

[@raplopez4258]

Applying this to societies/economies, it appears to me in practicality that a pareto efficiency represents a status quo. This status quo is not necessarily the most fair; indeed the majority of pareto efficiencies (in their respective societies) that are fair to everyone, I assume, is slim to none.
However, would it be casuistry to assume that an ideal societal/economic structure is self-evidently a pareto efficiency?

[@knowledgedaily6091]

THIS VIDEO IS REALLY VERY NICE AND SO EASSY TO LERN GREAT WORK SIR

[@nancyjames6403]

Thanks for making me understands this concept

[@anongmarion2680]

Thank you

[@junetan1733]

The video is helpful. Thanks

[@nataliesalemink1573]

Useful video!

[@johnbilling7986]

Thanks you helped alot had no idea about what pareto efficiency is now i do.

[@maheshkakulla2799]

Sir can you also explain the rest of chapters plz

[@460212688]

This is very helpful, thank you so much.

[@knowledgeworldbysud1540]

That's very helpful for us sir, thankful for your help.

[@atlcankarlkaya4755]

Thanks for this beatiful class ☺️

[@niz_mokhethi9180]

Thank you😫🤗 i was so lost this cleared confusion

[@Gabby_angelhowards]

this really helped me with my quiz.thanks prof

[@althyw5470]

Very informative! Thank you.

[@fionamukaa7979]

Omg thank you sooooo much. You helped me a lot🙏

[@devendrapratapyadav7230]

You are FIONA,where are MOGLY,BAGHIRA and SHERKHAN(characters of jungle book)?🤗😊

[@unknownartiz682]

thanks a lot Burkhard!

[@ramgovind2118]

Is Pareto Optimality and pareto effiency same??

[@michaelm1526]

Well explained! Not that this matters much but he was born in year 1848 not 1828

[@burkhardc.schipper9462]

Yes, finally somebody spots this unfortunate mistake. I hope it is the only one I made.

[@vianneydodyh4893]

Tq sir for the explanation. It help me a lot!

[@zekunzhang3402]

Thank u so much professor~

[@lauraqnv]

thank you !!

[@pankajubale8621]

Dhanyawad Sir 🙏

[@leajimvillanueva1215]

Thank you for explaining this.^_^

[@anmolchitranshi1324]

The video is very helpful.

[@akritibhatia3239]

Thank you!! Understood!! :)

[@ishaqahmad5411]

Pareto improvement and pareto efficiency are the same things???

[@entropy6504]

Not really. Say you allocated something and there's no other allocation that can make one happy without getting the other bad, then your allocation is Pareto Efficient.

[@sauravsaxena7524]

Tysm sir

[@9573272960]

thank you sir

[@sulimanshah3534]

Thank you soo much sir

[@Mahdul]

well explained

[@ilkingoyushov1032]

thank you :)

[@chadeelg]

got the idea thnx a lot

[@Tinaloitongbam]

🤧🤧🤧🤧🤧 I got it and then I don't then again I understand then I don't

[@aaditikulkarni4366]

Exactly.....did u right now????

[@ajithdude1415]

Understood

[@raginbakin1430]

You look like Friedrich Hayek

[@anandhus1250]

Good video...:)

[@airarobby5755]

5:32 oder..? :D

[@gusgoodbun]

lolol

[@nazbac-8620]

if I call u at night

[@Quest_adventure]

accent samajh nh paste..

[@omolola3181]

Thank you

[@majedalmozaini1536]

Thank you