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Even birds follow Pareto's 80–20 rule
Author(s) -
Rispoli Fred J.,
Zeng Suhua,
Green Tim,
Higbie Jennifer
Publication year - 2014
Publication title -
significance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.123
H-Index - 21
eISSN - 1740-9713
pISSN - 1740-9705
DOI - 10.1111/j.1740-9713.2014.00725.x
Subject(s) - pareto principle , rule of thumb , economics , pareto optimal , population , mathematical economics , pareto efficiency , mathematics , demography , sociology , operations management , multi objective optimization , mathematical optimization , algorithm
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.