Andreas Vlach
@vlach
Andreas Vlach
@vlach
the shrouded costs will not be apparent to consumers. It is easier to compare fuel prices than mortgage costs.
Smartphone and
Nature and society are replete with such imbalanced phenomena, some of which are said to work according to the Pareto principle, named after the sociologist Vilfredo Pareto. Pareto’s insight is sometimes called the 80/20 principle—80 percent of outcomes of interest are caused by 20 percent of inputs—though the numbers don’t have to be that strict.
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