A probability distribution such that for a random variable X with that distribution holds that the probability that X is greater than some number x is given by\Pr(X>x)=\left(\frac{x}{x_\mathrm{m}}\right)^{-k}for all x ≥ xm, where xm is the (necessarily positive) minimum possible value of X, and k is a positive parameter
the principle that describes the phenomenon wherein a small percentage of a population accounts for a large proportion of a particular characteristic of that population e.g. that a small proportion of users account for a large proportion of the edits to a Wiki
(Ekonomi) Pareto efficiency, or Pareto optimality, is an important notion in economics with broad applications in game theory, engineering and the social sciences. The term is named after Vilfredo Pareto, an Italian economist who used the concept in his studies of economic efficiency and income distribution
(Ekonomi) Pareto efficiency, or Pareto optimality, is an important notion in economics with broad applications in game theory, engineering and the social sciences. The term is named after Vilfredo Pareto, an Italian economist who used the concept in his studies of economic efficiency and income distribution
{i} economic principle stating that an economic policy is desirable if it suits part of the population and does no harm to the rest, the 80-20 rule, principle that states that for many events or circumstances 80% of the results or consequences originate from 20% of the causes
(Ticaret) The law developed by an Italian economist in the 1800s based on the principle that the vast majority of an end result (wealth, cost, quality problems, etc.) is determined by a small percentage of a group (the number of people, items, etc.) Often stated as the 80/20 rule, it is used in inventory counting and quality systems to concentrate attention on the small (20%) number of sources that account for 80% of inventory value or quality issues
born July 15, 1848, Paris, France died Aug. 19, 1923, Geneva, Switz. Italian economist and sociologist. Educated at the University of Turin, he worked as an engineer and later served as a director of a large Italian railway. He taught at the University of Lausanne from 1893. His law of income distribution used a complex mathematical formula to trace historical patterns in the distribution of wealth. In 1906 he laid the foundation of modern welfare economics with his Pareto Optimum, which stated that a society's resources are not optimally allocated as long as it is possible to make at least one person better off while keeping others as well off as before