Pareto Distribution & Price’s Law | Dr. Jordan Peterson

In this lecture Dr. Jordan B. Peterson explains the Pareto Distribution and Price’s Law in relation to creative output and financial success. I believe this statistical phenomenon helps to explain the extremely high failure rate among traders. Over 95% of traders fail to make money, while a select few seem to be able to consistently beat the market. I believe the Pareto Distribution is responsible for these statistics, particularly among retail traders. The fact is that some traders put in more work, are more cognitively skilled and more naturally talented at trading than others - and since trading the markets is a skill-based zero-sum game, they end up making all the money while the masses lose out. Original Video: #JordanPeterson #Productivity #Performance