Pareto Principle

Written: March 3, 2020 at 8:39 AM
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The 80/20 rule (or Pareto Principle (https://en.wikipedia.org/wiki/Pareto_principle)) is a phenomenon originally noted by economist Vilfredo Pareto when he found that 80% of the land in Italy was owned by %20 of the population. This concept, that there is a power law distribution (Power Law) common in natural orders, can be abstracted to many other contexts.

In general though, it's practically used to remember to put most of your focus on the parts of a system that are most important.

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#toolong