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How to apply the Pareto 80/20 heuristic to hack your life in an age of distraction

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How to apply the Pareto 80/20 heuristic to hack your life in an age of distraction

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How to apply the Pareto 80/20 heuristic to hack your life in an age of distraction

  1. 1. Avi Solomon @avisolo   How  to  apply  the  Pareto   80/20  heuris5c  to  hack   your  life  in  an  age  of   distrac5on  
  2. 2. Why?   • Doing  the  right  thing  (at  any  level  of  skill)   is  be7er  than  doing  the  wrong  thing  well.   • But  how  do  you  know  you  are  doing  the   right  thing  for  you?   • The  Pareto  80/20  “principle”  is  a  heurisGc   rule  of  thumb  that  can  help  ID  the  “right”   thing  for  you  to  do.  
  3. 3. Pareto  Principle   80%  (or  more)  of  the  results   come  from  20%  (or  less)  of  the   causes   •  Vital  Few  vs.  Trivial/Useful  Many   •  InnovaGon  (Science)  vs.  ExecuGon  (Art)   •  Both  are  necessary,  but  we  have  a  tendency  to  overvalue  the   urgent  over  the  important.   •  Fractality  of  the  principle.  
  4. 4. Examples   •  20%  of  clients  provide  80%  of  the  profit   (cherish  them  –  geVng  new  clients  is  hard)   •  20%  of  clients  make  80%  of  the  trouble  (these   are  usually  not  the  profitable  20%  -­‐  fire  them!)   •  20%  of  soluGons  provide  80%  of  the  results   •  20%  of  product  features/apps  get  used  80%  of   the  Gme   •  20%  of  your  Gme  supplies  80%  of  your   producGvity    
  5. 5. Personal  Pareto  Analysis   via  Richard  Koch   80%  of  your  Happiness   happened  in  20%  of  your  Time     80%  of  your  Achievements   came  from  20%  of  your  Ac5ons  
  6. 6. Personal  Pareto  Analysis   via  Richard  Koch   • Capture  your  Happiness  &  Achievement   Islands  (and  also  your  desert  islands   when  you  were  unhappy  &  stagnant)   • Find  emergent  paDerns  and  themes   among  the  posi5ve  islands  and  focus  on   crea5ng  more  experiences  like  them   • Eliminate,  Reduce  or  Outsource  the   negaGve  desert  islands  and  associated   themes  
  7. 7. My  Happiness/Achievement  Islands   Happiness   Person/Activity/Place   Achievement   Person/Activity/Place    
  8. 8. My  UnHappiness/StagnaGon  Islands   Unhappiness   Person/Activity/Place   Stagnation   Person/Activity/Place    
  9. 9. Tips   • Have  a  maximum  of  five  diverse  80/20   goals  as  your  personal  lighthouse   • Periodic  Focus:  Is  this  helping  me  achieve   my  core  5  goals?  If  not  drop  it  or   outsource   • Remember  fractality  of  the  80/20   principle:  works  at  every  level  

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