My Talking Head.

In a series (planned) of videos on the 1st “anniversary” of SMO. 


Enjoy, if you will. BTW, for anyone who wonders what Pareto Distribution is, here it is:



The Pareto distribution has major implications in our society. Consider its original use case, describing the distribution of wealth across individuals in a society. The vast majority of the world’s citizens are clustered at a low level of wealth, while a small percentage of the population controls the vast majority of all wealth. Policymakers may not realize that wealth is distributed according to a Pareto distribution rather than a normal distribution, and this gap in understanding could lead to suboptimal policy decisions in countries around the world. Perhaps equally profound is the ability to model productivity according to a Pareto distribution (while productivity and wealth are both distributed in the same manner, their correlation at the level of individuals is a matter of dispute and varies by context). In most professions it is hard to precisely quantify a worker’s productivity, but Major League Baseball (MLB) teams are experts in exactly this exercise. Using the Wins Above Replacement (WAR) metric as an estimate of a player’s value, we can see that MLB players are able to produce wins for their team in a Pareto-distributed fashion. It is amazing that even among the best 1,500 baseball players in the world, they are still distributed in this extreme way.


In the same manner–Markov Chain:


A Markov chain or Markov process is a stochastic model describing a sequence of possible events in which the probability of each event depends only on the state attained in the previous event.


All is directly related to military planning and more… Fade into darkness with this:


Wink, wink;)