The Problem with Averages & The Better Alternative

Power law distribution is one of the more interesting distributions that
can be often seen in ordinary situations. The prominent examples of
power law in real life are returns on different stocks, social networks
and the number of followers on these sites, populations of countries and
the number of lies told by people.

All these things can be described by a power law. But what is a power
law? How will it help you to learn how power law works and occurs in
different situations? Let's find out all these things and everything
else you need to know about power laws.

Books: The 4 Hour Chef
https://tapthe.link/4HrChef

More videos for you:

Benford's law: https://youtu.be/JHA2QpJKGN4

Karmanye Vadhikaraste: https://youtu.be/95Zi_4OthbY

Listen it on the podcast provider of your choice:
https://tapthe.link/FutureIQRSSWatch other episodes of The FutureIQ
podcast:
https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v

Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us
up on Twitter:
@ngkabra http://twitter.com/ngkabra
@shrikant https://twitter.com/shrikant

Chapters:
00:00 Power law
02:02 Example 1
04:18 Theory
06:23 Real Life Examples
13:34 What follows power law & what doesn't
16:20 How to spot?
20:50 Problems
24:40 How to stay safe?
27:22 The power law of effort

#futureiq #powerlaws