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Yet another (re)discovery of Pareto's distribution. Net worth, stock returns, popularity of words in languages, casualties in wars or natural disasters, size of
by H8crilA 7y ago
Yet another (re)discovery of Pareto's distribution. Net worth, stock returns, popularity of words in languages, casualties in wars or natural disasters, size of cities, popularity of artwork pieces like songs or computer games, ...
https://en.wikipedia.org/wiki/Pareto_distribution#Applications https://en.wikipedia.org/wiki/Pareto_distribution#Applicatio...
- sova 7y agoThis is closer to 90:25 rather than the typical Pareto of 80:20
- H8crilA 7y ago80:20 is a pop-culture take on the distribution. It does a good job of visualising it to someone who doesn't know maths. It's really any distribution with the CDF of the form x^(-a)
- sova 7y agoThe wikipedia article says it's commonly formulated as 80:20, so that's where I'm getting my info. You're saying it covers every nice Pareto ratio, which is very different. Because 90:25 is much better than 80:20 but they are part of the same phenomenon. Well, you can call everything a Pareto phenomenon then and what's the point if everything fits in this universalish category? How can I explain the value of 90:25 without invoking Pareto and having it constantly diluted to 80:20?