Articles tagged principle

The Pareto Principle – The 80/20 Rule to You and Me Wednesday, 4th November 2009: The Pareto principle (also known as the 80/20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes. Read more – ‘The Pareto Principle – The 80/20 Rule to You and Me’.
Occam's Razor Tuesday, 21st November 2006: Occam's Razor (also spelled Ockham's razor) is a principle attributed to the 14th-century English logician and Franciscan friar William of Ockham. Occam's razor states that the explanation of any phenomenon should make as few assumptions as possible. The principle is often expressed in Latin as the lex parsimoniae (law of succinctness). Read more – ‘Occam's Razor’.