Villas-Boas, Sofia B.; Fu, Qiuzi; Judge, George - In: Econometrics 3 (2015) 4, pp. 698-708
In this paper, we consider the question and present evidence as to whether or not Benford's exponential first significant digit (FSD) law reflects a fundamental principle behind the complex and nondeterministic nature of large-scale physical and behavioral systems. As a behavioral example, we...