The Pareto, Zipf and Other Power Laws.¶
Reed, W. J. (2001). The Pareto, Zipf and Other Power Laws. Economics Letters, 74(1), 15-19.
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Primes¶
- Pareto Effect (80/20 Rule)
- … distribution arises from identifiable generative mechanisms (preferential attachment producing rich-get-richer dynamics; multiplicative growth producing lognormal distributions; Yule processes; self-organized criticality) rather than pure randomness; identifying the mechanism informs appropriate intervention design
This source[Genealogy of power-law distributions and their diverse origins.]
- … distribution arises from identifiable generative mechanisms (preferential attachment producing rich-get-richer dynamics; multiplicative growth producing lognormal distributions; Yule processes; self-organized criticality) rather than pure randomness; identifying the mechanism informs appropriate intervention design
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