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Power Law
Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

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last edited by BillSeitz on Mar 12, 2008 1:22 am

http://atic.phys.lsu.edu/aticweb/definitions.htm

relevance http://backspaces.net/PLaw/

Zipf, Power-law, Pareto - a ranking tutorial - http://ginger.hpl.hp.com/shl/papers/ranking/ranking.html

http://arxiv.org/pdf/cond-mat/0205259

http://eclectic.ss.uci.edu/~drwhite/Anthro179a/linkpage2001.htm

http://www.nature.com/cgi-taf/DynaPage.taf?file=/nature/journal/v411/n6840/full/411907a0_r.html

http://www.hpl.hp.com/shl/papers/plsearch/

the curve becomes steeper due to -s.

The 2 ends of the curve: the and the .

notes that distributions that look like a often aren't (quite). Ask yourself whether you really care. Maybe you don't. A lot of the time, we think, all that's genuine important is that the tail is heavy, and it doesn't really matter whether it decays linearly in the log of the variable (power law) or quadratically (log-normal) or something else. If that's all that matters, then you should really consider doing some kind of non-parametric density estimation (e.g. Markovitch and Krieger's (preprint)). Sometimes, though, you do care. Maybe you want to make a claim which depends heavily on just how common hugely large observations are. Or maybe you have a particular model in mind for the data-generating process, and that model predicts some particular distribution for the tail. Then knowing whether it really is a power law, or closer to a power law than (say) a stretched exponential, actually matters to you. In that case, you owe it to yourself to do the data analysis right. You also owe it to yourself to think carefully about whether there are other ways of checking your model. If the only testable prediction it makes is about the shape of the tail, it doesn't sound like a very good model, and it will be intrinsically hard to check it.

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Bill Seitz, fluxent at gmail dot com, Weblog