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For more than a century, since the “discovery” of the 80-20 principle by the Italian economist Vilfredo Pareto, scholars and practitioners alike have preached the merits of applying this principle in business. The popular thesis, as applied to software development, is that 80% of property X involves only 20% of property Y. For example, “80% of the defects are found in 20% of the code,” or “80% of the value is found in 20% of the features.” The implication of such results seems clear: Focus your efforts on the high-payoff. But the reality is less simple.