The Power Law governs the universe

• The Pareto principle, also known as the 80-20 rule, is a specific instance of a broader phenomenon known as the power law.
• The power law describes situations where a small number of inputs or factors are responsible for a disproportionately large amount of the outputs or results.
• This pattern can be observed in various domains, including:
  • Wealth distribution: A small percentage of the population holds a large percentage of the wealth.
  • Natural disasters: The most destructive earthquakes are many times more powerful than all smaller earthquakes combined.
  • Urbanization: The biggest cities are far larger than all smaller towns combined.
• The power law is a fundamental law of the universe that defines our surroundings, even though we often don't see it.