It’s likely you’ve heard of the Pareto principle (maybe even while reading my tips on how to be more productive at work or study more effectively). But do you really know what the Pareto principle is?

As we work to serve our clients, we often get the question pretty early on in the relationship about what should be custom software. There are many choices for business leaders to turn to custom ...

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 ...

Economists tell us that the history of human labor is one of continually increasing specialization. In the days of the hunter-gatherer, every member of the tribe would have been expected to command ...

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 ...

I don’t remember exactly when I first read about the Pareto principle, but I’m certain I did not understand it early in my career. It wasn’t until I was running a multimillion-dollar company in which ...

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 ...

Before you can win a league title in the NBA, NFL, and NHL you first must win a conference championship. This approach assumes that the two best teams in a league are not in the same conference. When ...

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More It’s a 40-year reunion sequel to the movie “War Games.” The scene starts ...