Power law distribution from "summary" of The Longer Long Tail by Chris Anderson
Power law distribution is a mathematical concept that describes a certain kind of data pattern. It's a way of understanding how things are distributed in the world, from income to internet traffic to popularity. At its core, power law distribution is about the unequal distribution of things. In a power law distribution, a small number of things account for the majority of the total. This means that a few items are extremely popular or successful, while the vast majority are much less so. The power law distribution is a stark contrast to the more familiar bell curve distribution, where most things cluster around the average. Instead of a smooth, symmetrical curve, a power law distribution is lopsided, with a long tail trailing off to the right. This long tail represents the many less popular or successful items that make up the rest of the distribution. The power law distribution shows that the world is not a level playing field. Some things are simply more popular or successful than others, and this pattern is consistent acro...Similar Posts
Complex systems exhibit a mix of order and randomness
Complex systems are not easily defined by traditional scientific terms. They do not fit neatly into the categories of either or...
Law 5: So much depends on reputation – guard it with your life
Law 5 emphasizes the crucial role that reputation plays in the game of power. In the game of power, reputation is everything. I...
Social change efforts must prioritize the voices of marginalized communities
In our quest to bring about meaningful social change, we must acknowledge the importance of centering the voices of those who h...
Tailored content
Tailored content is the idea that media can be personalized to suit individual tastes and preferences. This concept is based on...
Division of labor enhances societal productivity
The specialization of work allows individuals to develop particular skills and knowledge in a specific area. This expertise lea...
Possess a strong sense of selfreliance
One of the key elements in gaining and maintaining power is the ability to rely on oneself. This means having a strong sense of...
Social factors play a role in shaping economic development
W. Arthur Lewis emphasizes the significance of social factors in influencing economic development. He underscores that economic...
Economic transformations impact social relations
Economic transformations have a profound impact on social relations. When markets are allowed to dictate all aspects of society...
Economic fallacies in politics
Economic fallacies in politics often stem from a misunderstanding of basic economic principles. One common fallacy is the belie...
Substitution heuristics simplify complex problems
Substitution heuristics are mental shortcuts that simplify complex problems by substituting a difficult question with an easier...