The Luck Factor: Wealth, Pareto, Bell – a Love Triangle?

Check the video to get insights about Wealth, Pareto, Bell, and the Luck Factor.

  • In 1906, Vilfredo Pareto  made an astonishing  observation: 80% of the land belonged to 20% of the people
  • Since then, many similar observations have been made, for example about the sizes of cities in a country
  • The mathematical concept of a Pareto Distribution has been developed
  • Lean uses Pareto charts as input for decision making and continuous improvement

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