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You’ve discovered the Pareto Principle. It’s true about literally everything.
by jonathankoren 2y ago
You’ve discovered the Pareto Principle. It’s true about literally everything.
- qwertox 2y agoSo now I was on the German and the English Wikipedia entry of the Principle and noticed a noteworthy difference: English: While it is common to refer to pareto as "80/20" rule, under the assumption that, in all situations, 20% of causes determine 80% of problems, this ratio is merely a convenient rule of thumb and is not, nor should it be considered, an immutable law of nature. German: The 80-20 distribution in the Pareto principle often leads to the false assumption that a sum of 100 is mandatory. In fact, however, any other distribution is possible, in which, for example, 50 % of the efforts lead to 90 % of the effect, and again 50 % of the efforts lead to the remaining 10 % of the effect. This is easy to see in the trivial case that 100% of the efforts are the cause of 100% of the success. [0] It's interesting how this explanatory information is lacking in the English version. Should be a cool project for an LLM to transfer information between the different language versions of a Wikipedia entry. [0] Translated with DeepL.com (free version)
- listenallyall 2y agoIt's "true", yes, for almost everything, but there is a lot to gain from recognizing the difference between 80/20 and 90/10 or even 99/1, etc. Just like 99%, 99.9% and 99.99% uptime are VERY different promises to meet, while looking virtually identical to a layman.