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Could I get some simple examples of the Pareto principle?
I googled but the results were a copypasta orgy of crap…
80% of muscle gain is built by 20% of the repetitions.
20% of alcohol drinkers consume 80% of the alcohol. I actually believe that one, used to be in the 20%
A 2016 article…
Exclusive: Firms claim to support responsible drinking, yet data shows those who consume at risky or harmful levels account for 60% of sales in England
That’s basically it. It’s just “80% of x is caused by 20% of y” or vice versa. It’s not a real principle, just a thought terminating cliche.
Glancing at the Wiki page, it seems like it comes from this dude realizing “Whoa. In Italy 80% of the land is owned by 20% of the population” and that being used to create this “principle” to apply to other things.
A reasonable person might ask “Damn why is land ownership so messed up?” To which the economist replies “Well clearly it’s just the natural state of the world.”