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We examine random variables in the power law/regularly varying class with stochastic tail exponent, the exponent $\alpha$ having its own distribution. We show the effect of stochasticity of $\alpha$ on the expectation and higher moments of…

Statistical Finance · Quantitative Finance 2017-04-06 Nassim Nicholas Taleb

The nonextensive statistical ensembles are revisited for the complex systems with long-range interactions and long-range correlations. An approximation, the value of nonextensive parameter (1-q) is assumed to be very tiny, is adopted for…

Statistical Mechanics · Physics 2020-02-26 Yahui Zheng , Jiulin Du , Linxia Liu , Huijun Kong

It is argued that the factorization of compound probability over subsystems is a consequence of the existence of thermodynamic equilibrium in the composite system having Tsallis entropy. So it should be respected by all exact calculations…

Statistical Mechanics · Physics 2014-10-13 Qiuping A. Wang , Alain Le Mehaute

This paper generalizes the notion of sufficiency for estimation problems beyond maximum likelihood. In particular, we consider estimation problems based on Jones et al. and Basu et al. likelihood functions that are popular among…

Statistics Theory · Mathematics 2024-02-29 Atin Gayen , M. Ashok Kumar

Links between power law probability distributions and marginal distributions of uniform laws on $p$-spheres in $\mathbb{R}^{n}$ show that a mathematical derivation of the Boltzmann-Gibbs distribution necessarily passes through power law…

Statistical Mechanics · Physics 2009-11-11 C. Vignat , A. Plastino

Exponential backoff (EB) is a widely adopted collision resolution mechanism in many popular random-access networks including Ethernet and wireless LAN (WLAN). The prominence of EB is primarily attributed to its asymptotic throughput…

Networking and Internet Architecture · Computer Science 2015-03-20 Suzhi Bi , Ying Jun Zhang

A brief overview of the models and data analyses of income, wealth, consumption distributions by the physicists, are presented here. It has been found empirically that the distributions of income and wealth possess fairly robust features,…

General Finance · Quantitative Finance 2018-08-07 Kiran Sharma , Anirban Chakraborti

Econophysics provides a strategy for understanding the potential mechanisms underlying the anomalous distribution of wealth found in real societies. We present a computational nonlinear stochastic model for the distribution of wealth that…

Statistical Mechanics · Physics 2009-11-10 Nicola Scafetta , Bruce J. West , Sergio Picozzi

The principle of maximum entropy is a broadly applicable technique for computing a distribution with the least amount of information possible constrained to match empirical data, for instance, feature expectations. We seek to generalize…

Information Theory · Computer Science 2022-05-30 Kenneth Bogert

Distinguishing power-law distributions from other heavy-tailed distributions is challenging, and this task is often further complicated by subsampling effects. In this work, we evaluate the performance of two commonly used methods for…

Data Analysis, Statistics and Probability · Physics 2024-05-09 Silja Sormunen , Lasse Leskelä , Jari Saramäki

This paper presents an extensive survey of regular distributions in natural and social sciences. The survey includes studies from a wide scope of academic disciplines, in order to create an inventory of the different mathematical functions…

Physics and Society · Physics 2015-07-14 L. Benguigui , M. Marinov

Statistical system models provide the basis for the examination of various sorts of distributions. Classification distributions are a very common and versatile form of statistics in e.g. real economic, social, and IT systems. The…

Computation · Statistics 2019-12-20 Uwe Petersohn , Thomas Dedek , Sandra Zimmer , Hans Biskupski

The size or energy of diverse structures or phenomena in geoscience appears to follow power-law distributions. A rigorous statistical analysis of such observations is tricky, though. Observables can span several orders of magnitude, but the…

Geophysics · Physics 2019-04-29 Álvaro Corral , Álvaro González

Similarly to the derivation of the Gibbs-Boltzmann distribution for structureless indistinguishable particles, we consider multi-particle systems some of which are contained (or delimited) inside others (Problem 1), as well as systems of…

Statistical Mechanics · Physics 2021-07-19 Michael Romanovsky

Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and wealth distributions in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas…

General Finance · Quantitative Finance 2009-11-13 Arnab Chatterjee , Bikas K. Chakrabarti

We deal with a generalized statistical description of nonequilibrium complex systems based on least biased distributions given some prior information. A maximum entropy principle is introduced that allows for the determination of the…

Statistical Mechanics · Physics 2009-11-13 Erik Van der Straeten , Christian Beck

When P indistinguishable balls are randomly distributed among L distinguishable boxes, and considering the dense system in which P much greater than L, our natural intuition tells us that the box with the average number of balls has the…

Physics and Society · Physics 2016-06-14 Oded Kafri

We investigate the cumulative Tsallis entropy, an information measure recently introduced as a cumulative version of the classical Tsallis differential entropy, which is itself a generalization of the Boltzmann-Gibbs statistics. This…

Statistics Theory · Mathematics 2023-06-02 Guillaume Dulac , Thomas Simon

In this study an attempt has been made to propose a way to develop new distribution. For this purpose, we need only idea about distribution function. Some important statistical properties of the new distribution like moments, cumulants,…

Methodology · Statistics 2024-08-30 Brijesh P. Singh , Utpal Dhar Das

The present paper studies a large class of temperature dependent probability distributions and shows that entropy and energy can be defined in such a way that these probability distributions are the equilibrium states of a generalized…

Statistical Mechanics · Physics 2015-06-24 Jan Naudts