Discover P.J. Joseph's blog, your guide to colored gemstones, diamonds, watches, jewelry, art, design, luxury hotels, food, travel, and more. Based in South Asia, P.J. is a gemstone analyst, writer, and responsible foodie featured on Al Jazeera, BBC, CNN, and CNBC. Disclosure: All images are digitally created for educational and illustrative purposes. Portions of the blog were human-written and refined with AI to support educational goals.
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Saturday, January 12, 2008
Pareto Distribution
I think the Pareto distribution, named after the Italian economist Vilfredo Pareto, is a power law probability distribution concept that links with social, scientific, actuarial, and many other types of observable phenomena + it could be applicable to gem + jewlery + art trading.
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