Pareto Distribution

A distribution indicating a survival function. Can be used to model:

• Tradeoffs between Fairness and Model Accuracy

PDF

$$\frac{\alpha x_m^{\alpha }}{x^{\alpha +1}}$$

CDF

$$F_X(x)=\{\begin{array}{ll}1-{\left(\frac{x_m}{x}\right)}^{\alpha }& x>x_m,\\ 0& x<x_m\end{array}$$