THE PARETO PRINCIPLE
This is a principle we are all familiar with. It is a well used concept, which perhaps surprisingly is supported by research data.
The?Pareto principle?states that for many outcomes, roughly 80% of consequences come from 20% of the causes. Other names for this principle are the?80/20 rule, the?law of the vital few,?or the?principle of factor sparsity.[
Like you, I had heard this principle articulated often, but until now was less convinced that it had any merit.
D. John Carlson - +61 (0) 402 273 350