Extreme Pareto: The One Thing

If you have heard of the 80/20 rule, you already know the Pareto principle. Vilfredo Pareto was an Italian economist who noticed that 80% of the land in Italy was owned by 20% of the people. Subsequently, he noticed that 80% of his peas were produced by 20% of his pods. It did not take long for him to understand that 20% of our actions get 80% of our results. What we mean by extreme Pareto is that we keep going with this principle applying 80/20 rule over and over again until we find the one thing, the absolute one thing that is most likely to influence our desired result.

Source: Current Problems in Diagnostic Radiology - February 24, 2017 Category: Radiology Authors: P. Bhargava Source Type: research