P.J.Joseph's Weblog On Colored Stones, Diamonds, Gem Identification, Synthetics, Treatments, Imitations, Pearls, Organic Gems, Gem And Jewelry Enterprises, Gem Markets, Watches, Gem History, Books, Comics, Cryptocurrency, Designs, Films, Flowers, Wine, Tea, Coffee, Chocolate, Graphic Novels, New Business Models, Technology, Artificial Intelligence, Robotics, Energy, Education, Environment, Music, Art, Commodities, Travel, Photography, Antiques, Random Thoughts, and Things He Like.
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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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