- Last 7 days
For millions of Americans who are living pay-check to paycheck and precariously close to the poverty line, normal life eventslike the birth of a child or temporary loss of a job can send them below thepoverty line. But poverty spells tend to be short, and they are caused by the riskassociated with normal events that happen to most of us across the life course.They are just more catastrophic for some than for others.
Can poverty be modeled after a statistical thermodynamic framework? How might we move the set point for poverty up significantly to prevent the ill effects of regular, repeated poverty?
What does the complexity of poverty indicate? Within the web of potential indicators, what might be done to vastly mitigate the movement of people in and out of poverty? What sorts of additional resiliency can be built into the system?
- Jun 2022
This can also be considered The Iceberg Principle. The 10% (really 9%) you do see is only visible because of the 90% (really 91%) you don't see. Without that 90% you don't get the 10%.
Often you may need to dig below the surface of something to find it's real value.
This is related to quotes about being able to find something interesting, redeeming, valuable about bad books as well as being able to learn from the fool.
"Sturgeon's Law". According to those who were there, Theodore Sturgeon the SF author made this comment at a convention in 1953. it is that:90% of everything is crud, and it's the 10% that isn't crud that is important.
I've also heard a version of this that relates to only 1% of what's in the Library of Congress being widely known or read.
Related to: - Pareto principle - iceberg principle
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By dropping or reducing or postponing the least importantparts, we can unblock ourselves and move forward even when timeis scarce.
When working on a project, to stave off potential procrastination on finishing, one should focus on the minimum viable version and finish that. They can then progressively enhance portions and add on addition pieces which may be beneficial or even nice to have.
Spending too much time on the things that sound nice or that one "might want to have" in the future will be the death of the thing.
link to: - you ain't gonna need it - bikeshedding for procrastination
questions: - Does the misinterpreted-effort hypothesis play a role in creating our procrastination and/or lead to decision fatigue?
One of my favorite rules of thumb is to “Only start projects that are already 80percent done.” That might seem like a paradox, but committing to finishprojects only when I’ve already done most of the work to capture, organize,and distill the relevant material means I never run the risk of startingsomething I can’t finish.
This same sort of principle is seen in philanthropy circles where the group already has commitments for a large proportion of the end goal before they even announce the campaign.
Is there a rule of thumb for this in philanthropy? 50%? What is it called, ie does it have a specific name?
What relation does it have to the Pareto principle, if any?
- scope creep
- decision making
- Pareto principle
- progressive enhancement
- misinterpreted-effort hypothesis
- rules of thumb
- fund raising goals
- project management
- fund raising campaigns
- decision fatigue
- minimum viable product
- Sep 2021
The Eisnehower matrix is a means of helping one to implement the Pareto principle.
Seen this basic idea so many times before and have it generally implemented in the bullet journal portion of my digital commonplace book. I should spend more time gardening in there regularly though.
- Jul 2021
Broad recycle of Tim Bray's article https://www.tbray.org/ongoing/When/201x/2018/01/15/Google-is-losing-its-memory with an example of the same effect for their site.
DuckDuckGo has a better index that doesn't prioritize for "right now" or currency.
- May 2021
71% of global emissions can be traced back to 100 companies,
This would seem to fall into the Pareto principle guidelines. How can we minimize the emissions from just these 100 companies?