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A mathematical expression known as Benford's law provides an example of an unexpected relationship among randomly selected sequences of first significant digits (FSDs). Newcomb [Note on the frequency of use of the different digits in natural numbers, Am. J. Math. 4 (1881) 39–40], and later...
Persistent link: https://www.econbiz.de/10010873996
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...
Persistent link: https://www.econbiz.de/10011755306
In this article, we consider the problem of criterion choice in information recovery and inference in a large-deviations (LD) context. Kitamura and Stutzer recognize that the Maximum Entropy Empirical Likelihood estimator can be given a LD justification (Kitamura and Stutzer, 2002). We...
Persistent link: https://www.econbiz.de/10005511928
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...
Persistent link: https://www.econbiz.de/10011411524