Pareto Principle: The 80/20 Rule
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- Опубликовано: 15 май 2024
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The Pareto Principle, also known as the 80/20 rule, states that often 20% of the causes create around 80% of the outcomes 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 allows our mind to understand all sorts of complex distributions, focus on the essentials, and prioritize what to do next.
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COLLABORATORS
Script: Ludovico Saint Amour di Chanaz and Jonas Koblin
Artist: Pascal Gaggelli
Voice: Matt Abbott
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Production: Selina Bador
Sound Design: Miguel Ojeda
SOUNDTRACKS
A Toy’s Day Out - Shuan Frearson
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Read how the principle is used in hospitals as a Quality Improvement Tool
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SOURCES
en.wikipedia.org/wiki/Pareto_...
en.wikipedia.org/wiki/Pareto_...
en.wikipedia.org/wiki/Vilfred...
www.ncbi.nlm.nih.gov/pmc/arti...
Classroom Activity
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CHAPTERS
00:00 The 80/20 Rule
00:25 Pareto Principle
00:57 Business Insights
01:09 Real life example
01:33 Pareto’s warning
02:07 What do you think?
02:26 Ending
02:40 Patrons credits
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I remember the days of RUclips when 80% of the comment section came from 20% of viewers arguing with each other
😂😂
Also explains, 20% of employees do 80% of work, so lets just layoff the rest and make those 20% work a 100%. 😳
Without compensation...
@@30pranaypawar17 “without compensation”… the good ole’ days 😂
When I watch video about an event of politics and go to the comment section then click on a comment I see an explosion of nuke.
It's not just about numbers/percentage but it just simply means to focus on the part which gives more result first than deal with others later.
The crook of the matter being that deal with the rest later.
Most, after dealing with the 20% of note by putting in that 20% effort for 80% outcome, never go back and work on that ignored 80% issue to complete the final 20% of outcome, often resulting in that missed outcome becoming the new problematic 20%.
@@kjj26kThat’s is how politics work.
@@evil17life not just politics. This theory more based on observation, than actual studies, researches. The devil in the details.
I love that its short and sweet without losing substance.
Keep learning:)
I only watched 33 seconds of this video. I live by this rule.
Most underrated content on RUclips
Totally agree.
As an autist, i only *wish* i could be so concise and effective when conveying ANY idea.
@@user-ye1go6hw9rRelax, were human. Focus on happiness.
I’m your 69th like, whatever that means to people.
A LOT of companies rely on this to justify all kinds of poor management choices, like distribution of bonuses and raises, firings and hiring, promotions, and customer service. It is far better to do the research and statistical analysis.
Really needed a visual representation of the 80/20 rule!! Thank you!
My personal opinion is it makes a good starting point. Further examination adjusts the percentages to be greater or lesser making the split more accurate. Basically it is like all heuristics, useful to make an on the fly judgement but not to make precise decisions. Precise decisions require precise information.
With respect, the numbers means no thing, but parito law reffered to choosing your priorties carefully that can lead to higher productivity
It's a good rule of thumb, but mostly used wrongly. Especially the ones concerning labour and productivity.
80% of people will make the error of conflating category with entity. E.g., the 20% of Italians who own 80% of Italy change over time (because of death, bankruptcy, etc.).
I use this principle in 20 percent of my decisions
😂
I wish there would be a learning guide based on the Pareto principle for studying in school
Technically, there is. If you know the basics or fundamentals of a given subject (i.e. the "20%") you either already know or easily deduce a large remainder of said subject (i.e. the "80%"). For example, if you know the basic facts of WWII, you should be able to deduce the answer to the majority of the answers on a WWII test without having to study or memorize those particular answers and questions.
Problem is so many districts (at least in the US) focus on getting kids to be "creative" that learning, memorizing, and utilizing the basics gets pushed to the side. As a result, you get kids who can create a bunch of projects, but never actually know what is their project was about.
@@patricklee8088 thanks for your insights
I have to know the main idea and the details as it’s written and understand it
So it would be the key words related to 20% content right?
@@knw-seeker6836 If we're talking about something like a literary, historical, or scientific text, then yes knowing 20% of the related vocabulary will definitely take you a long way.
If we're talking about a high school vocab quiz for English or an elementary school spelling test, not so much.
Companies praise the ones doing the 20% to help the 80%, but complain about those who still have to do the 80% to get the 20% done taking too long.
20% of your video cover 80% of content. Brilliant🎉
80% of people think "alot" is a word and 20% understand the difference between "your" and "you're."
At work 20% of the employees do 80% of the work. And the other 80% do the other 20% of the work. I've watched this happen for years.
And furthermore, as a superior, 20% of your staff not only cause 80% of your problems and use up 80% of your precious time, they are also responsible for 80% of your quality issues and 80% of your absentism rate. I found that out, after having statistically analyzed these figures in different teams.
Liked this format of CRITICALLY ANALYSING a theory…
I don't think we should be asking how or where does this work but rather why does this work there are a lot of patterns in nature like golder ratio and fibanachi sequence to name a few but why? are they the result of some other properties of the universe if so what does that mean???
If reality was just complete, random chaos, we wouldn't be here to perceive it, nothing would.
That anything is worth any note at all is is both reason and result of the universe having some order in it.
You wanna ask why? That's what Faith is for.
You wanna find out how far this goes and what can be done with it? That is the work of Science.
you can literally see the principle being applied in the comment section, where only a handful of comments receive all the likes!
Because those comments were placed early, when the video received 80% of its views!
(Not exactly, but I had to do it for the bit.)
Underrated comment. (Had five likes when I saw it)
Great channel
I thought i was a couch potato as i do nothing 80% of time. now i know i was actually following Pareto Principle. what a relief
Hi, could you consider make a video explaining constructivist theory?
Task: Stack 10 building blocks on top of each other.
Me only stacking 2 and cheering "I`m 80% done!"
You failed me pareto principle, you failed me...
20% of your blocks provided for 80% of your happiness.
And 80% of your woe.
thank you !
Love this. What software and process do you use to animate?
I use the rule as a way to constantly prioritize, to do this you have to keep determining the 20%, you can't do it just once, and of course, for the rule to work, issues/customers/etc can't all be equal
Good explanation of the pareto principle. Also liked the cartoon style
Very interesting concept. Perhaps explained by some universal but yet to be explained phenomenon of human consciousness. Perhaps related to social conformity theories as shown in the Asch and other similar experiments.
No, it's far more likely based in the science of chaos and associated fractal patterns which are an emergent property observable in both natural and human-developed systems.
Did you use the nintendo switch eshop loading sound effect for your intro?
20% of all clips on youtube make 80% of algorithm
Can someone tell me about the software used to make this video.
The Rules Of Humanity: People pick people. People aren't committed. People always evolve. People can make something better or worse. People can die. People can be killed. People lie. And people are different.
Are there any scenarios in studying where the pareto principle can be harmful?
If, say, at a seminar you figure that 80% the time someone is talking it's just someone from a narrow 20% group of seminar attendants and that group doesn't include you, you can feel demotivated and end up musing that the world is unfair, etc. You could, instead, just speak up and alter the dynamic. Basically, any time the Pareto principle is used to slot oneself or someone else as _inevitably_ being part of the 20% or the 80%, giving up on any more fine-grained analysis, it is used poorly (even when used correctly).
The comments are full of people complain about how this has been used to make/justify poor business decisions and practices, perhaps there is something there.
To find 20% that matters need 80% of our energy
its negligible but alot of these numbers tend towards 21 percent, so if we do follow this rule, its better to trend towards more work rather than less..
That's why I only work 20% of time
I’ve definitely seen this in the work place. 20% of the people do 80% of the work.
The fact that this channel has only 1.65m subscribers tells a lot about or current society. Your content should be in every school!
😍 you're the sweetest
Is the warning of Pareto maybe worth another video? I've often heared of paretos principle but never of that warning and it sounds like it applies to many cases.
As a student, studying only 20% of the syllabus can never give you 80% of the maximum grade
Over time , the Principe
I think you cannot apply a random theory which was conceived at a farm about the contribution of plant to a highly complex human society,
what are you referring to? The pareto principle is based on work done by statistician Vilfredo Pareto in the 19th century.. it's statistical, not random. what does a farm have to do with it?
@@steveoh9025
Bro is pretending that the example of Pareto noticing the 80/20 in his pea plants is the only thing that happened in this vid.
👏🏻👏🏻👏🏻
Nice
I have a rule : try to focus on 3 things you want to accomplish in one day , if you manage to be successful in two , your batting average is up there with Babe Ruth. Multiple your average by the days you work or do your thing.
Pareto principle is particularly applauded and approved by the 80% who pat themselves on the back and see themselves as the 20%. Ouch, I banged my rule of thumb.
Thank god for the self-serving bias ✌️
I don't think this principle works everywhere, everytime.
I sent an email to ask for permission to dub your content. It was answered the first time, and I am now impatiently waiting for the second answer.
Will get back to you!
Food and entertainment. In a week, eat 80% healthy food and 20% not (so) healthy and go out 20%. 20% that would be fast food, candies, chocolate,... and going out, having fun on Friday and Saturday afternoon/night.
So I'm right to ignore the paperwork then? 😅
20% of your supporters on patreon motivates you to make 80% of the content ??
Yes! Around 20% make around 80% of the total contributions we get :)
In any group of people 80% of the work is done by 20% of the people.
I refuse to believe in the universal use of this rule.
I can see that it may be true for some cases but it looks very to be useful in limited circumstances.
... taking two times an 80/20 approach you already will end up at 50/50
Whoever watched shuter island tell me the message of the movie!
I have not investigated this rule. Those that accomplish more are given more work while those that accomplish less are assigned less work.
Isn't the Pareto Principle a square root rule?
👍👍👍👍👍👍👍👍👍👍
❤
🙂
❤❤ 💡💡💡💡💡💡💡💡
This does not mean you need to focus only on the 20% rather you have to go through the entire process. However many processes are structured in a way so this asymmetry between outcomes and inputs occurs.
So get used to life being this way
Toyotama principal
do you mean TPS (Toyota Production System) or perhaps kaizen? Toyotama appears unrelated to this pareto principle
Knowing that the 80/20 Rule exists doesn't make life or work easier. It's not easy to understand what falls within the 20%. Imagine being given some work, and you decided to spend time trying to apply this rule. While you're still figuring things out, your boss comes to see your progress. Good luck telling your boss that you were trying to use the 80/20 rule and haven't started working yet
🎉🎉🎉🎉
It’s a natural law not unlike Elliott Wave Golden Mean.
The true number is 19.47: 80.53 ratio
We call it 20:80 rule
The sloping side angle of a tetrahedron is 19.5 degrees.
Occult mathematics is a bigger part of how the world works than we can truly understand.
The pareto principle was never a principle. If you go back and read Pareto’s original text that started this whole mess it was originally an observation in 1906 in Italy that 80% of the land was owned by 20% of the people. Everything after that was simply assumptions and oversimplification of complex situations, stop spreading this hazardous meme. It is not a universal law
80|20 is reverse compounding
“I think”……..the other “80%” is a given, to complete the statement 🧐
From all the comments, we read only 20%.
The next person will fill out the remaining 80% as a reply.
80% of the comments are from bots, 20% from people
But 95% of common sense belongs to 5% of people.
yo
A rule to live by these days
Watch only the first 33.2 seconds of the video to get the most out of it.
Thank you for this inspiration.
I pretended that I was watching for the first time with the knowledge of your time stamp in my pocket.
Lo and behold the topic of the narration at 20% / 33secs into the video is the very root of the principle. Namely how Sgr. Pareto started to formulate his rule upon observing his Peas.
The Pareto principle is not a principle but it is based on some random findings.
Creo que como se describe el principio de Pareto en el video parece bastante estúpido. Por ejemplo que una compañía pueda focalizarse en el 20% de los peligros para eliminar el 80% de los accidentes suena muy difuso. De hecho aunque eliminaran el 20% de los peligros no hay ninguna razón lógica por la cual la proporción deje de mantenerse. No veo una ruta clara para poner ese principio en práctica. Yo lo entendía y lo sigo entendiendo como un patrón de la naturaleza, no algo que permitiera mejorar la toma de decisiones y los procesos.
Well it made sense up until the last point when presented with evidence to the contrary such person would simply make up another rule that lines up with said sentiments. That was downright cynical.
"Became a rule of thumb"... thumbs make up 20% of your fingers and do 80% of the work!!!
I'm glad you said that.
Assuming that you are part of the younger generation who've grown up with typing on your mobile phone, can I also assume from your comment that you use your thumbs to write comments and messages?
There's a generational gap between older finger typers and younger thumbers.
Can't understand why, as thumbs are the widest of the digits and so are much less accurate on the tiny on-screen keyboard.
Have to say that I'm amazed by the blur of warp speed movement you (can't quite) see though as the person next to you in the queue is sending a message.
Any explanations/thoughts?
@JP_TaVeryMuch Feeling ancient reading and replying to your message while i "swipe" using one finger. I noticed the same though - warp speed thumb typers, lol. Half the time, not even looking at the keyboard whilst banging away at texts. I guess same as typing on a typewriter/PC but more precisely without actual keys to hold your finger positions (although auto- correct is cheating). Give credit where it's due, I guess.
@@capnsean8365 Oh yes. I hadn't considered multitasking by not looking what they are writing.
Autocorrect indeed and that would also go some way to explain the hilarious spelling mistakes.
Just a little bit concerned that as with calculators removing the need for the yoof to learn mathematics ~ so they argue ~ so with "speak and spell"
80% of the women want to date 20% of the men
My take: only 20% of the most intelligent and well informed people should be allowed to vote in national elections. This would have prevented Brexit and all the dictators we see in around the world🤣🤣🤣
I can conclude that this is not a principle.
That's some bullshit man
This comment will be in the 80% that are ignored.
Sprouts is stupid, hate the ai narration
Yawn
👏🏻👏🏻👏🏻
I can conclude that this is not a principle.