Pareto Distributions
from Thinking Hard or Hardly Thinking Hosted by Aaron Marx
A surprising but reliable mathematical relationship that seems to govern nature and human dynamics is the Pareto Principle. Variously known as the 80/20 principle, or the law of the vital few, it is essentially a dictum that states we will always find some kind of gross inequality when examining naturally occurring systems of any kind, with the vast majority of the results owing to the efforts of an extreme minority of factors. While natural phenomena which exhibit this trait are allowed to be free of moral judgement, the Pareto Principle as it describes human interactions in terms of business, governance, politics, and other realms creates one murky ethical dilemma after another as we are faced over and over with the question of how best to control, distribute, or redistribute the inevitable result of its effects in our world of social and economic interactions. The Pareto Distribution is inevitable, but proposed solutions to the problems it can create are diverse and fraught. What effect does this have on our moral outlook and the vitality of our human spirit? We’ll be exploring all of that and more today on Thinking Hard, or Hardly Thinking. Learn more about Aaron at www.aaronjmarx.com Read/listen to the Entrepreneurial Manifesto: https://www.aaronjmarx.com/manifesto
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