The Pareto distribution, named after the Italian economist Vilfredo Pareto, is a power law probability distribution that coincides with social, scientific, geophysical, actuarial, and many other types of observable phenomena. Outside the field of economics it is sometimes referred to as the Bradford distribution. from October 2012">citation needed]
Read more about Pareto Distribution: Definition, Generalized Pareto Distributions, Applications, Lorenz Curve and Gini Coefficient, Parameter Estimation, Graphical Representation, Random Sample Generation
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“There is the illusion of time, which is very deep; who has disposed of it? Mor come to the conviction that what seems the succession of thought is only the distribution of wholes into causal series.”
—Ralph Waldo Emerson (1803–1882)