Even birds follow Pareto's 80-20 rule
Vilfredo Pareto noted in 1906 that 80% of the land in Italy was owned by 20% of the population – and that the ratio seemed to apply to many countries, many time periods, and many economies. But is it more than a useful rule of thumb? Pareto also observed that 20% of the pea pods in his garden contai...
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Veröffentlicht in: | Significance (Oxford, England) England), 2014-02, Vol.11 (1), p.37-38 |
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Hauptverfasser: | , , , |
Format: | Artikel |
Sprache: | eng |
Online-Zugang: | Volltext |
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Zusammenfassung: | Vilfredo Pareto noted in 1906 that 80% of the land in Italy was owned by 20% of the population – and that the ratio seemed to apply to many countries, many time periods, and many economies. But is it more than a useful rule of thumb? Pareto also observed that 20% of the pea pods in his garden contained 80% of the peas. His ratio seems to pop up everywhere. Fred J. Rispoli, Suhua Zeng, Tim Green and Jennifer Higbie try telling it to the birds.
The richest 20% own 80% of the resources. It works for rich nations, for poor nations – and even for birds. Fred J. Rispoli, Suhua Zeng, Tim Green and Jennifer Higbie find a rule of thumb is a rule of claw as well. |
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ISSN: | 1740-9705 1740-9713 |
DOI: | 10.1111/j.1740-9713.2014.00725.x |