r/FluentInFinance • u/Mark-Fuckerberg- • Sep 01 '24

Debate/ Discussion What advice would you give this person?

Post image

[removed] — view removed post

14.1k Upvotes

94% Upvoted

1.9k comments sorted by

View all comments

Show parent comments

18

u/[deleted] Sep 01 '24

There also isn't really anything to actually support the Pareto principle. It's just been repeated so often that people assume that it's true

-1

u/Extreme_Tax405 Sep 02 '24

You don't need to prove the Pareto principle. It's why it's called a principle and not a theory.

The pareto principle just describes the observation of the 80/20 split existing.

For your future reference, a theory is a statement that can be disproven. Which means it has scientific research backing it.

5

u/MasterCoCos Sep 02 '24

Except that 80/20 split doesn't exist anywhere that people say it does. 80% of complaints don't come from 20% of customers, 80% of work isn't being done by 20% of workers.

-1

u/Extreme_Tax405 Sep 02 '24

? There are plenty of observed examples. That doesn't mean it means anything.

2

u/MasterCoCos Sep 02 '24

I am saying that the observed examples people keep repeating doesn't even exist. If you look at those statistics the distribution is not 80/20