Pareto Principle

ICM (Independent Chip Model)

This article introduces a model called ICM (Independent Chip Model) that estimates the expected prize money that can be won in a Texas Hold'em tournament.

EconomicsProbability

Pareto Principle

There was apparently an empirical rule that the top 20% of people in a nation account for 80% of the income. This rule is known as the Pareto Principle.