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Power-law distributions are ubiquitous in nature. Random multiplicative processes are a basic model for the generation of power-law distributions. It is known that, for discrete-time systems, the power-law exponent decreases as the…

Statistical Mechanics · Physics 2021-11-05 Satoru Morita

We discuss several models in order to shed light on the origin of power-law distributions and power-law correlations in financial time series. From an empirical point of view, the exponents describing the tails of the price increments…

Condensed Matter · Physics 2007-05-23 Jean-Philippe Bouchaud

Power-law distributions with various exponents are studied. We first introduce a simple and generic model that reproduces Zipf's law. We can regard this model both as the time evolution of the population of cities and that of the asset…

Statistical Mechanics · Physics 2007-05-23 Kenji Kawamura , Naomichi Hatano

It is well known that a random multiplicative process with weak additive noise generates a power-law probability distribution. It has recently been recognized that this process exhibits another type of power law: the moment of the…

Statistical Mechanics · Physics 2007-05-23 Hiroya Nakao

A mass ejection model in a time-dependent random environment with both temporal and spatial correlations is introduced. When the environment has a finite correlation length, individual particle trajectories are found to diffuse at large…

Chaotic Dynamics · Physics 2012-03-28 Giorgio Krstulovic , Rehab Bitane , Jeremie Bec

Over the last decades, impressive progresses have been made in many experimental domains, e.g. microscopic techniques such as single-particle tracking, leading to plethoric amounts of data. In a large variety of systems, from natural to…

Statistical Mechanics · Physics 2022-06-03 Xavier Durang , Hyerim Ahn , Jae Youn Shim , Hye Yoon Park , Jae-Hyung Jeon

Multiplicative random processes in (not necessaryly equilibrium or steady state) stochastic systems with many degrees of freedom lead to Boltzmann distributions when the dynamics is expressed in terms of the logarithm of the normalized…

adap-org · Physics 2009-10-28 M. Levy , S. Solomon

When the probability of measuring a particular value of some quantity varies inversely as a power of that value, the quantity is said to follow a power law, also known variously as Zipf's law or the Pareto distribution. Power laws appear…

Statistical Mechanics · Physics 2019-09-23 M. E. J. Newman

We introduce preferential behavior into the study on statistical mechanics of money circulation. The computer simulation results show that the preferential behavior can lead to power laws on distributions over both holding time and amount…

Physics and Society · Physics 2009-11-11 Ning Ding , Yougui Wang

Power law generalized covariance functions provide a simple model for describing the local behavior of an isotropic random field. This work seeks to extend this class of covariance functions to spatial-temporal processes for which the…

Statistics Theory · Mathematics 2013-03-20 Michael L. Stein

Power-law distributions are common, particularly in social physics. Here, we explore whether power-laws might arise as a consequence of a general variational principle for stochastic processes. We describe communities of 'social particles',…

Physics and Society · Physics 2011-12-30 G. J. Peterson , K. A. Dill

Power-law distributions occur in wide variety of physical, biological, and social phenomena. In this paper, we propose a statistical hypothesis test based on the log-likelihood ratio to assess whether two samples of discrete data are drawn…

Methodology · Statistics 2015-03-03 Alessandro Bessi

Random multiplicative processes $w_t =\lambda_1 \lambda_2 ... \lambda_t$ (with < \lambda_j > 0 ) lead, in the presence of a boundary constraint, to a distribution $P(w_t)$ in the form of a power law $w_t^{-(1+\mu)}$. We provide a simple and…

Condensed Matter · Physics 2007-05-23 Rama Cont , Didier Sornette

We study the time correlation function of a density field in two-dimensional driven diffusive systems within the framework of fluctuating hydrodynamics. It is found that the time correlation exhibits power-law behavior in an intermediate…

Statistical Mechanics · Physics 2009-03-02 Takenobu Nakamura , Michio Otsuki , Shin-ichi Sasa

Time evolution of number of species (genera, families, and others), population of them, and size distribution of present ones and life times are studied in terms of a new model, where population of each genetic taxon increases by a (random)…

Populations and Evolution · Quantitative Biology 2007-05-23 Caglar Tuncay

Power-law distributions are typical macroscopic features occurring in almost all complex systems observable in nature. As a result, researchers in quantitative analyses must often generate random synthetic variates obeying power-law…

Physics and Society · Physics 2014-11-11 Filippo Radicchi

A new type of spatial-temporal correlation in the process approaching to the self-organized criticality is investigated for the two simple models for biological evolution. The change behaviors of the position with minimum barrier are shown…

Biological Physics · Physics 2009-11-06 C. B. Yang , X. Cai , Z. M. Zhou

We study a stochastic multiplicative process with reset events. It is shown that the model develops a stationary power-law probability distribution for the relevant variable, whose exponent depends on the model parameters. Two qualitatively…

Condensed Matter · Physics 2009-10-31 Susanna C. Manrubia , Damian H. Zanette

Many physical processes result in very uneven, apparently random, distributions of matter, characterized by fluctuations of the local density over orders of magnitude. The density of matter in the sparsest regions can have a power-law…

Chaotic Dynamics · Physics 2019-03-27 Michael Wilkinson , Marc Pradas , Greg Huber , Alain Pumir

Numerical simulations of particle acceleration in magnetized turbulence have recently observed powerlaw spectra where pile-up distributions are rather expected. We interpret this as evidence for particle segregation based on acceleration…

High Energy Astrophysical Phenomena · Physics 2020-11-19 Martin Lemoine , Mikhail A. Malkov
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