How Power Law Explains The Rich Getting Richer & What Can We Learn From It?

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 tapthe.link/4HrChefMore videos for you: Benford's law: • The Strange Logic Behi... Karmanye Vadhikaraste: • This Bhagvad Gita Less...
Listen it on the podcast provider of your choice: tapthe.link/FutureIQRSSWatch other episodes of The FutureIQ podcast: • The FutureIQ Podcast S...
Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us up on Twitter:
@ngkabra / ngkabra
@shrikant / 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

[@vibhamandal1819]

Great work Sir

[@cheenabhalla3166]

Please do not interrupt , its been happening in all the videos

[@shubham3813]

Please don't cut in between so much.... Let the principle be established and explained, then pitch in with contributive questions.... Animations are good though 👍🏼

[@TheFutureIQ]

Thanks @shubham, will keep this in mind.

[@rohanvaidya3238]

Great content guys. You explain the concepts wonderfully. However, one observation: When one person is explaining something, it feels like the other one keeps interrupting continuously. It breaks the natural flow of ideas.

[@apnabini]

Mind Fck videos ... The clear explanation of a topic in detail...Awesome ...

[@user-my7eg3dy3f]

This channel is going to grow exponentially one day.

[@deepbora4249]

Great talk..unfortunately majority does not get attracted to such talk but definately required

[@TheFutureIQ]

A lot of what we talk about on this channel is things that initially people aren't attracted to but are important enough that they should know. The hope is that over time more and more people find out.
-@Navin

[@subedichandri3113]

keep it up....!

[@TheFutureIQ]

Thank you. Such comments definitely help us keep going. -@Navin

[@bkunal88]

Going very off track... Don't cut the topic just to put some lame jock in...