Pareto


Pareto(a, b)

The Pareto distribution.

The "classic" use of the Pareto distribution is to model the distribution of wealth in a society, under an assumption that a smaller percentage of the people own a larger percentage of the wealth (e.g., 20% of the population control 80% of the wealth).

The Pareto distribution is appropriate for a variety of "population" models. Examples: The size of objects in a population (e.g., grains of sand), value of assets in a collection of assets, file sizes, word frequencies, number of acquaintances of a given person, etc.

Library

Distribution Variations library (Distribution Variations.ana)

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See Also

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