Exponential family distributions | Actuarial science | Continuous distributions | Power laws | Probability distributions with non-finite variance
The Pareto distribution, named after the Italian civil engineer, economist, and sociologist Vilfredo Pareto (Italian: [paˈreːto] US: /pəˈreɪtoʊ/ pə-RAY-toh), is a power-law probability distribution that is used in description of social, quality control, scientific, geophysical, actuarial, and many other types of observable phenomena; the principle originally applied to describing the distribution of wealth in a society, fitting the trend that a large portion of wealth is held by a small fraction of the population. The Pareto principle or "80-20 rule" stating that 80% of outcomes are due to 20% of causes was named in honour of Pareto, but the concepts are distinct, and only Pareto distributions with shape value (α) of log45 ≈ 1.16 precisely reflect it. Empirical observation has shown that this 80-20 distribution fits a wide range of cases, including natural phenomena and human activities. (Wikipedia).
The Normal Distribution (1 of 3: Introductory definition)
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From playlist The Normal Distribution
Pareto Analysis for Beginners in Excel
Check out the article on Pareto Analysis and download the Excel file here: https://magnimetrics.com/pareto-principle-in-financial-analysis/ Fill our survey for a FREE Benchmark Analysis template! https://forms.gle/A4MLhr7J5rRG1JBi8 If you like this video, drop a comment, give it a thumbs
From playlist Excel Tutorials
Please Subscribe here, thank you!!! https://goo.gl/JQ8Nys Using a Pareto Chart Example
From playlist Statistics
Unit 5 - practice problem 1 question
From playlist Courses and Series
Unit 5 - pareto optimal allocations part 3
From playlist Courses and Series
What is a Sampling Distribution?
Intro to sampling distributions. What is a sampling distribution? What is the mean of the sampling distribution of the mean? Check out my e-book, Sampling in Statistics, which covers everything you need to know to find samples with more than 20 different techniques: https://prof-essa.creat
From playlist Probability Distributions
Introduction to the Standard Normal Distribution
This video introduces the standard normal distribution http://mathispower4u.com
From playlist The Normal Distribution
Determining values of a variable at a particular percentile in a normal distribution
From playlist Unit 2: Normal Distributions
QRM 4-2: The Fisher-Tippett and the Pickands-Balkema-de Haan Theorems
Welcome to Quantitative Risk Management (QRM). It is time to discuss the two fundamental theorems of EVT. We will give the necessary information, for their interpretation and use, but we will skip the proofs. Most of all, we will try to connect the two theorems, which give us extremely st
From playlist Quantitative Risk Management
QRM 4-4: Tails in Data - Zipf Plot and Meplot
Welcome to Quantitative Risk Management (QRM). We close Lesson 4 by introducing some first tools for the graphical analysis of tails. We will deal with the exponential QQ-plot, the Zipf plot, the Fractality plot and the Meplot. More details will then follow in Lesson 5. Topics: 00:00 Int
From playlist Quantitative Risk Management
QRM 5-1: Tails in Data - MS Plot and Concentration Profile
Welcome to Quantitative Risk Management (QRM). Let us continue our discussion about the graphical tools we can use to study tails. We will consider the very useful Max-to-Sum (MS) plot, able to tell us something about the existence of moments, and the Concentration Profile, another way of
From playlist Quantitative Risk Management
Welcome to Quantitative Risk Management (QRM). There is so much confusion about tails, that it is time to clarify what we are speaking about. Heavy tails, long tails and fat tails are not the same thing from a statistical and probabilistic point of view. In mathematics we need to be preci
From playlist Quantitative Risk Management
(ML 7.7.A1) Dirichlet distribution
Definition of the Dirichlet distribution, what it looks like, intuition for what the parameters control, and some statistics: mean, mode, and variance.
From playlist Machine Learning
MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 Instructor: Prof. Robert Townsend View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/ YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2
From playlist MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
Extreme Value Statistics: Peak over Threshold methods
From playlist Extreme Value Statistics
MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 Instructor: Prof. Robert Townsend View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/ YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2
From playlist MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
Simplified Machine Learning Workflows with Anton Antonov, Session #8: Semantic Analysis (Part 3)
Anton Antonov, a senior mathematical programmer with a PhD in applied mathematics, live-demos key Wolfram Language features that are very useful in machine learning. This session will be the part 3 where he discusses the Latent Semantic Analysis Workflows. Notebook materials are available
From playlist Simplified Machine Learning Workflows with Anton Antonov
MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 Instructor: Prof. Robert Townsend View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/ YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2
From playlist MIT 14.04 Intermediate Microeconomic Theory, Fall 2020
Normal Distribution: Find Probability Given Z-scores Using a Free Online Calculator (MOER/MathAS)
This video explains how to determine normal distribution probabilities given z-scores using a free online calculator. https://oervm.s3-us-west-2.amazonaws.com/stats/probs.html
From playlist The Normal Distribution
6. From Classical to Neoclassical Utilitarianism
Moral Foundations of Politics (PLSC 118) In this economics-oriented lecture, Professor Shapiro introduces neoclassical utilitarianism as it was formulated by economist Vilfredo Pareto and further described by Francis Edgeworth, examining such concepts as indifference curves, transitivit
From playlist The Moral Foundations of Politics with Ian Shapiro