Pareto Distribution

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Pareto distribution
The Pareto distribution, named after the Italian economist Vilfredo Pareto, is a power law probability distribution that coincides with socialscientificgeophysicalactuarial, and many other types of observable phenomena. Outside the field of economics it is at times referred to as the Bradford distribution.
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Pareto Distribution
The standard Pareto distribution has density function (for positive parameter c ):
f(x) = c/xc+1 , 1 x, c > 0
where
c is the shape parameter of the distribution.
Pareto distribution (Animation) 
The animation above shows the Pareto distribution for the shape parameter equal to 1, 2, 3, 4, and 5.


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