Vilfredo Pareto

power law distributions + Pareto optimality

Outlined the 'Pareto distribution' power law - known as the 80/20 rule: whereby 20% of the system is responsible for 80% of the impact.

Draft content: updates coming soon:

not about equality: for example reallocation of resources through taxation - make one person better off (the poor) at the expense of another (the rich). It is only when an agent's state can be improved without reducing the state of another that we have a Pareto improvement.

Not possible to change the behavior of one agent without another agent being worse off.

learn more Power Laws

Cite this page:

Wohl, S. (2022, 23 May). Vilfredo Pareto. Retrieved from https://kapalicarsi.wittmeyer.io/definition/pareto

Vilfredo Pareto was updated May 23rd, 2022.

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