Pareto’s Law

@article{Hardy2010ParetosL,
  title={Pareto’s Law},
  author={Michael Hardy},
  journal={The Mathematical Intelligencer},
  year={2010},
  volume={32},
  pages={38-43}
}
  • Michael Hardy
  • Published 3 July 2010
  • Computer Science
  • The Mathematical Intelligencer
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The 80/20 Rule: Library Lore or Statistical Law?
It is shown that Trueswell's empirical 80/20 rule arises quite naturally, in general terms at least, from the type of stochastic model for library loans presented by Burrell and Cane. Particular
Proof of Pareto’s 80/20 Law and Precise Limits for ABC-Analysis
TLDR
A theory to explain Pareto’s 80/20 law is proposed and precise limits for ABC-analysis are derived and some light is shed on the connection between the physical term Entropy and Shannon Information.