Why Its So Easy To Get Stuck In A Pareto Efficiency Holding Pattern And What You Can Do About It
"Pareto efficiency or Pareto optimality is a situation where no action or allocation is available that makes one individual better off without making another worse off". The beauty of economics is its attempt, no matter how imperfect, to understand the choices and trade offs that we need to make as decision makers for entire economies or even just ourselves. When we're firing on all cylinders and what to make a change to our lives - this often means sacrifice - this is what pareto efficiency is all about. Keep listening to find out how it's impacting you in your life and what you can do about it.
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Show Notes
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My intro and outro music are courtesy of Max Maikon and the YouTube Audio Library. Full credits are as follows:
Track: Equilibrium — Max Maikon [Audio Library Release]
Music provided by Audio Library Plus
Watch: Equilibrium — Max Maikon | Free Background Music | Audio Library Release
Free Download / Stream: https://alplus.io/equilibrium