The 1 Percent Rule

> (Statistics|Probability|Machine Learning|Data Mining|Data and Knowledge Discovery|Pattern Recognition|Data Science|Data Analysis)

1 - About

Any decision that involves using a limited resource like time or money will naturally result in a winner-take-all situation.

These situations in which small differences in performance lead to outsized rewards are known as Winner-Take-All Effects

You only need to be a little bit better than the competition to secure all of the reward.

3 - Documentation / Reference

data_mining/1_percent.txt · Last modified: 2017/05/24 21:22 by gerardnico