The 1 Percent Rule

Thomas Bayes


Any decision that involves using a limited resource like time or money will naturally result in a winner-take-all situation.

These situations in which small differences in performance lead to outsized rewards are known as Winner-Take-All Effects

You only need to be a little bit better than the competition to secure all of the reward.

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Thomas Bayes
Statistics - Pareto ( Principle | Distribution )

the Pareto principle or the “80-20 rule” corresponds to a Pareto probability distribution with shape log(5)/log(4) = 1.161. See also: Pareto originally used this distribution to describe the allocation...

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