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Price's Law & The Pareto Distribution, 80-20 Rule (Mental Models for MAXIMUM EFFECTIVENESS)
Price's Law and the Pareto Principle are both mental models that have to do with an over-sized effect relative to the source of the effect. Learn about them in this video as we explore leveraging our effectiveness by learning these principles.
Video mentioned on Eisenhower Decision Matrix: https://www.youtube.com/watch?v=9p6FEoEpLeU
#mentalmodel #priceslaw #8020 #pareto #pareto8020 #timemanagement #selfdevelopment
References, Resources, and Recommendations:
80/20 Book: https://amzn.to/34jBum8
Jordan P. Video: https://youtu.be/BZMBdRfbk6A
Seeking Wisdom: https://amzn.to/2CK8AjQ
Pareto Principle Book: https://amzn.to/31haXnU
https://www.businessballs.com/self-management/paretos-80-20-rule-theory/
https://medium.com/@davidkimbell/the-problems-with-prices-law-c9278202e242
https://fangya18.com/2019/04/08/price-law-vs-pareto-principe/
https://royalsocietypublishing.org/doi/10.1098/rspa.2020.0019
https://en.wikipedia.org/wiki/Pareto_distribution
https://en.wikipedia.org/wiki/Vilfredo_Pareto
https://en.wikipedia.org/wiki/Derek_J._de_Solla_Price
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