The 80/20 Rule
Outside academia Pareto is best known for one of his empirical observations. An avid gardener, he noticed that 80 percent of his peas were produced by only 20 percent of the peapods. A careful observer of economic inequalities, be saw…
Basis: A small and clustered world
From Barabasi’s Small World: Clustering in society is something we understand intuitively. Humans have an inborn desire to form cliques and clusters that offer familiarity, safety, and intimacy. However, a property of the social network is only of interest to…