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1.2.12 Pareto Principle: The Major Part of Success Comes from a Small Fraction of Our Decisions and Actions

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The Pareto principle is colloquially known as the 80/20 rule. Simply put, it states that roughly 80% of the effects come from 20% of the causes. This is often extended into marketing as 80% of your income comes from 20% of your clients. It provides an interesting base for how we understand and measure success.

A Guide to the Scientific Career

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