pareto distribution
The Pareto distribution is a mathematical model that describes the distribution of data in various fields, such as economics and social sciences. It is characterized by a heavy-tailed shape, meaning it has a higher probability of extreme events compared to a normal distribution.
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Related Concepts (1)
Similar Concepts
- pareto criterion
- pareto dominance
- pareto efficiency
- pareto efficiency in cost-benefit analysis
- pareto efficiency in decision making
- pareto efficiency in economics
- pareto efficiency in environmental economics
- pareto efficiency in game theory
- pareto efficiency in market equilibrium
- pareto efficiency in public policy
- pareto efficiency in resource allocation
- pareto efficiency in social welfare
- pareto efficiency in trade-offs
- pareto improvement
- pareto optimal allocation