80/20

This 80/20 rule seems tenuous to me. It could be because I’ve never erred in the favour of mathematics, nor do I have any statistical evidence of this sort of phenomenon. If I were to put it in my own way, I guess it could be that as a society we crave leaders and as such there emerge central, verdant hubs of activity or mass. Just like we have government whom we vote for yearly (I think? I’ve only voted once so far) we place our faith (well at least a portion of it) into these parties who collate said faith and direct it toward various faculties in the form of financial or parliamentary support.

The graph on page 71  makes the whole concept more lucid for me, in the shape of an asymptotic graph. In relation to last week’s discussion on The Long Tail this fits as there remains a scattered majority of consumers interested in few, specific niche things.

I can’t say I was at this week’s symposium, so I’m not entirely sure what may have been discussed there about this 80/20 rule, but at least for me it seems simple enough if not entirely useful to know, self-evident even. Something I might chase up my classmates about.

One comment to 80/20

  1. […] all the points raised in the Unsymposium 0.6, I feel the discussion surrounding the 80/20 rule, the long tail and niche markets to be the most relevant, and definitely something I can relate to. One of the great bonuses of […]

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