Is there a reason that if you consider the top 1-2% of a set of things, the remaining 99% is still negligible in relation? e.g: Wealth division in top 2% vs bottom 98%.
Yes, it’s called Lotka’s Law. We observe that human characteristics like lifespan, height, and IQ are bound closely to the average, so that 95% of American males are within 10% of the average height. Similarly, 95% of Americans have an IQ that is within 30 IQ points of the average American IQ. These attributes are …