Skip to content

The Pareto Principle

    Can you remember what you had for lunch last week Tuesday? Probably not. Our brains are masters at forgetting information that we don’t repeat regularly. But what can we do about it? I, like many others, had to painstakingly learn the art of learning as I went through college. Here are some of my tips for successful learning.
    When it comes to efficiency, the Pareto principle is often cited. It states that 80 percent of the result can be achieved in 20 percent of the time. But the remaining 20 percent takes 80 percent of the time. It can be used well, if it becomes sometimes scarce with the exam preparation. But using it as a general principle for learning is problematic. With 20 percent of the use, there is not enough background knowledge to understand a subject.

    Pareto Principle a Cause of Unequal Wealth Distribution

    Teodoro D. Cocca uses the Pareto Principle to explain the inequality of wealth distribution among people. He writes in his glossary in the OÖN of February 7, 2023, under the title “Uncomfortable truths about inequality“: “Successful entrepreneurship is also linked to creativity, but moreover, it is often also linked to other abilities. Those who are in the top one percent in several skills have a much greater chance of generating extremely high incomes. However, this is not given to everyone. In general, as the social science literature shows, professional or entrepreneurial success is linked to factors such as intelligence, performance and conscientiousness. These factors are – unfairly – not equally distributed in the population (just like physical health or fate). Thus, the unequal distribution of economic success is related to the unequal distribution of ability. This should at least be taken into account when comparing the extreme ends of the income and wealth distribution.”