In general, the Pareto Principle is a subset of Pareto distributions. It’s generally known as the “80 - 20 Rule”. Examples include:
Business sales - 20% of clients are responsible for 80% of revenues
Wealth distribution - 20% of the population control 80% of the wealth
etc.
I think Pareto distribution is a human construct. The example given (profit of items) is only because human nature chooses so. This is also true for income, access to healthcare and justice. If you are on the “spike” (the “good side”), of course you want to bring over the best ones to your side of the fence. If you are on the “spike” you really don’t want to “shift the whole thing”. Nature is “Bell” , human beings are “Pareto”.
You claim it to be a human construct but as the video proves, if you run the simulation over and over the same results occur. This would tend to be natural and that humans choose this way because of a genetic predisposition to do so (as in nature vs nurture). If the outcome was varied it may be because of lack of accurate data or that action/thought/system is not natural and does not fall into a pattern.
exactly. Like the video says, even distribution of stars in the heavens and distribution of gas in a vacuum follow that pattern. It's just baked in the fabric of reality.
I understand where you are driving at sir. But sometimes, the reputation matters! Most whales do not read contents of post with low reputation and most of us do write good stuffs, even more than the ones with high reputation.
I'm glad you did this post, seriously it shows you appreciate consistency and hardwork and you have minnows in mind. Thank you @cryptoctopus
But please don’t fall into the victim mentality. If you worry what someone else is doing or getting or whatever you are using energy on things you cannot control instead of the things you can, such as your own content and network.
20% of your clothes will be used 80% of the time too
Absolutely!!
That's why I buy Hanes X-Temp Tshirts. That's all I ever wear. I don't need expensive fancy clothes. Why spend $50 on a shirt that you wear a few times a year?
I do not believe this is so.
I feel that the Pareto principal is a direct result of the bell curve.
To do anything well, you have to have passion.
To do anything well, you have to put in much practice.
To do anything well, you have to have a natural talent for it.
If you have passion, natural talent and really practice at something you are much, much, much better than everyone else at that thing.
If you take the opposite people, it doesn't matter which parts they do not have, they are equally bad compared to the best. Or, basically, make up the long tail
Basically, a few above average attributes puts you head and shoulders above the crowd.
It is very easy to get to 80/20.
Maybe you weren't paying attention. They ran Mathematical and Physical Models that had exact same outcome, unless gravity and math are just "Human Constructs"