In this paper, we analyze the distributional properties of the balance sheets of Icelandic firms by performing an empirical analysis of total assets, profit rates and growth rates using a data set of 2818 Icelandic firms during the period 2000-2009. We find that the firms size measure, i.e....

The paper discusses the utilization of social complexity studies to enhance our understanding on many social phenomena. The discussions brings the concept of uncertainty in almost everything of social realms and makes some points related to the empirical findings of the power-law distributions...

We develop a simple test for deviations from power law tails, which is based on the asymptotic properties of the empirical distribution function. We use this test to answer the question whether great natural disasters, financial crashes or electricity price spikes should be classified as dragon...

This paper analyses the statistical distribution of war size. We find strong support for a Pareto-type distribution (power law) using data from different sources (COW and UCDP) and periods. A power law describes accurately the size distribution of all wars, but also the distribution of the...

There are two fair ways to distribute particles in boxes. The first one is the Casino’s way, namely an equal chance to any box. The second one is the thermodynamic way, namely an equal chance to any different configuration of particles and boxes. The second way, calculated here, yields an...