Opinions expressed by Entrepreneur contributors are their own. Whether you’re a seasoned vet or just launching your first business, I’m sure you’ve at least heard of the 80/20 Rule, aka the Pareto ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Most of us have bumped into the Pareto principle at some point. Simply put, it states that in any given situation, 80 percent of effects come from 20 percent of the causes. In business, we’re most ...

The Pareto principle is often in conflict with the equity criteria in construction of social preferences: there exist two allocations χ and y such that χ Pareto dominates y, but y is an equitable ...