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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
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.”
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.