The Pareto Principle - The 2080 Rule

The Pareto Principle, also known as the 80/20 rule, states that often 20% of causes produce about 80% of the results, while the remaining causes are responsible for the rest. Discovered by the Italian economist Vilfredo Pareto, the principle became a valuable rule of thumb that helps our minds understand all kinds of complex distributions, focus on what matters most, and prioritize. Become a "Change Maker" and support Sprouts with a membership: / @sproutsdeutschland Support us - we're on Patreon! 🎁 https://bit.ly/3MqY00D Don't miss a new video with our newsletter: http://eepurl.com/dNU4BQ THANK YOU, PATREONS! 🙏 (Update on 27/OCT/2022) This video was made with the support of our patrons: Adam Berry, Alfred Holzheu, Anil Raut, ArkiTechy, Artur Azad, Badrah, Bradley Klimovitch, Cedric.Wang, Christoph Becker, cnotv, Cory McAbee, David Markham, Delandric Webb, Digital INnov8ors, Dr. Matthias Müller-Mellin, Duane Bemister, Elias Reuss, Eva Marie Koblin, F J V Souza, Fh Gerardo Enrique Nieto, Heart of Texas Play Therapy LLC, Izzy, Jakob Steensig, Jeffrey Cassianna, Jim Pilgrim, Joanne Doyle, Jun Omar Ebdane, Leonel, Liam Dalling, Linda Kinkead, Linus Linderoth, Lucia 4 Simone, Winston M. Allen, Mambo no 9, Marcel, María Martin, Martin Streule, Martina Hrebenarova, Mathis Nu, Mezes.Macko, Michael Paradis, Natalie O'Brien, Okan Elibol, Oweeda Newton, Peihui, Povilas Ambrasas, Raymond Fujioka, SAMAR ABDULKADER DAKAK BADAWI, Scripz, Sigrid, Solongo Ganbat, Stefan Gros, Suppasit Srisaeng, Taka Kondo, Takashi HIROSE, Tammy Frazier, Thomas Aschan, Yassine Hamza, Yvonne Clapham and all the others. Thank you very much! To join them, visit Patreon. OUR CHANNELS English channel / sproutsvideos German Channel / sproutsdeutschland Spanish Canal / sproutsespañol And many more: www.sproutsschools.com SPROUTS TEAM Screenplay: Ludovico Saint Amour di Chanaz and Jonas Koblin Illustrations: Pascal Gaggelli www.instagram.com/pascal.draws/ Production: Selina Bador Voice: Christian "Beppo" Peters Coloring: Nalin Sound design: Miguel Ojeda Editing: Peera Lertsukittipongsa Translation: Gunnar Selm MUSIC A Toy's Day Out - Shuan Frearson DIG DEEPER WITH THESE TOP VIDEOS, GAMES, AND RESOURCES: Read how the Pareto principle is related to a Gaussian normal distribution https://www.sciencedirect.com/science/article/abs/pii/S0378437118308872 Explore a treatise on the problems of the Pareto Principle https://papers.ssrn.com/sol3/papers.cfm?abstract_id=384142 Read how the principle is used in hospitals as a tool to improve quality https://pmc.ncbi.nlm.nih.gov/articles/PMC10228985/ SOURCES Pareto Principle - Wikipedia, the free encyclopedia Pareto Distribution https://de.wikipedia.org/wiki/Paretoprinzip Wikipedia Vilfredo Pareto - Wikipedia https://de.wikipedia.org/wiki/Vilfredo_Pareto Alkiayat M. (2021). A Practical Guide to Creating a Pareto Chart as a Quality Improvement Tool. Global journal on quality and safety in healthcare 4(2), 83-84. https://pmc.ncbi.nlm.nih.gov/articles/PMC10228985/ Mongin P. (2016). Spurious Unanimity and The Pareto Principle. Economics and Philosophy 32(3) 511-532. https://www.cambridge.org/core/journals/economics-and-philosophy/article/abs/spurious-unanimity-and-the-pareto-principle/54F3664A511B86215E183F39E00CD244 Classroom Exercise In this activity, students will learn about the Pareto Principle Ask the class if they know the Pareto Principle, and have them explain it in their own words. Watch Sprouts' video on the Pareto Principle. Ask students if they can identify situations at school or in their own lives where they have applied or noticed the Pareto Principle. Ask the class how they would use the principle to their advantage. Teach the class that by memorizing only 20% of the main principles of the lesson, they can deduce 80% of the rest and thus pass tests. LICENSE Creative Commons CC-BY-NC More information here: https://sproutsschools.com/ Original: "Sprouts Germany" Original: German. All translations in this video have been done by the alugha AI.

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