Price's Law & The Pareto Distribution, 80-20 Rule (Mental Models for MAXIMUM EFFECTIVENESS)

Price's Law and the Pareto Principle are both mental models that have to do with an over-sized effect relative to the source of the effect. Learn about them in this video as we explore leveraging our effectiveness by learning these principles.

Video mentioned on Eisenhower Decision Matrix: https://www.youtube.com/watch?v=9p6FEoEpLeU

#mentalmodel #priceslaw #8020 #pareto #pareto8020 #timemanagement #selfdevelopment

References, Resources, and Recommendations:

80/20 Book: https://amzn.to/34jBum8

Jordan P. Video: https://youtu.be/BZMBdRfbk6A

Seeking Wisdom: https://amzn.to/2CK8AjQ

Pareto Principle Book: https://amzn.to/31haXnU

https://www.businessballs.com/self-management/paretos-80-20-rule-theory/

https://medium.com/@davidkimbell/the-problems-with-prices-law-c9278202e242

https://fangya18.com/2019/04/08/price-law-vs-pareto-principe/

https://royalsocietypublishing.org/doi/10.1098/rspa.2020.0019

https://en.wikipedia.org/wiki/Pareto_distribution

https://en.wikipedia.org/wiki/Vilfredo_Pareto

https://en.wikipedia.org/wiki/Derek_J._de_Solla_Price

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