oter

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...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Complex systems exhibit a mix of order and randomness
    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: 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
    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
    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
    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
    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
    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 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
    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 simplify complex problems
    Substitution heuristics are mental shortcuts that simplify complex problems by substituting a difficult question with an easier...
    oter

    The Longer Long Tail

    Chris Anderson

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.