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Nature and our world have a bias! Roughly $30\%$ of the time the number $1$ occurs as the leading digit in many datasets base $10$. This phenomenon is known as Benford's law and it arrises in diverse fields such as the stock market,…

Probability · Mathematics 2023-08-16 Irfan Durmić , Steven J. Miller

Benford's Law describes the finding that the distribution of leading (or leftmost) digits of innumerable datasets follows a well-defined logarithmic trend, rather than an intuitive uniformity. In practice this means that the most common…

Data Analysis, Statistics and Probability · Physics 2013-11-20 Aaron D. Slepkov , Kevin B. Ironside , David DiBattista

This article provides a brief overview on a range of basic dynamical systems that conform to the logarithmic distribution of significant digits known as Benford's law. As presented here, most theorems are special cases of known, more…

Dynamical Systems · Mathematics 2025-01-27 Arno Berger , Theodore P. Hill

We found that in transition arrays of complex atomic spectra, the strengths of electric-dipolar lines obey Benford's law, which means that their significant digits follow a logarithmic distribution favoring the smallest values. This…

Quantum Physics · Physics 2022-12-13 Jean-Christophe Pain

Benford's Law predicts that the first significant digit on the leftmost side of numbers in real-life data is proportioned between all possible 1 to 9 digits approximately as in LOG(1 + 1/digit), so that low digits occur much more frequently…

Statistics Theory · Mathematics 2019-01-04 Alex Ely Kossovsky

The following work is written in easy language for college level students. It shows how the first digit probabilities of a group of continuous real-valued functions can be calculated. Thus, examples explaining how the probabilities are…

History and Overview · Mathematics 2021-03-15 Irina Pashchenko

The invariance of Benford-Newcomb law under base changing is employed to test whether or not some data follow such distribution. Taking into account the Brazilian senate election in 1994, changes in the numerical base were able to evidence…

Applications · Statistics 2022-10-19 Eduardo Gueron , Jeronimo Pellegrini

Benford's law is often used as a support to critical decisions related to data quality or the presence of data manipulations or even fraud. However, many authors argue that conventional statistical tests will reject the null of data…

Methodology · Statistics 2022-06-16 Roy Cerqueti , Claudio Lupi

The theory of dependency graphs is a powerful toolbox to prove asymptotic normality of sums of random variables. In this article, we introduce a more general notion of weighted dependency graphs and give normality criteria in this context.…

Probability · Mathematics 2018-10-18 Valentin Féray

This paper develops a more general theory of sequences of dependent categorical random variables, extending the works of Korzeniowski (2013) and Traylor (2017) that studied first-kind dependency in sequences of Bernoulli and categorical…

Probability · Mathematics 2017-07-11 Rachel Traylor , Jason Hathcock

Benford's law is frequently used to evaluate the likihood that data is misrepresentative. Typically statistical tests measure the likihood. Another method of employing Benford's law is to compare the frequency of leading digits to the…

Statistics Theory · Mathematics 2013-01-28 Aaron Carl Smith

Computations involving invariant random vectors are directly related to the theory of invariants (cf. e.g \cite{Weing_1}). Some simple observations along these lines are presented in this paper. We note in particular that sum of elements of…

Numerical Analysis · Mathematics 2023-03-13 Alexander Kushkuley

In this paper we study the inverse of so-called unfair permutations, and explore various properties of them. Our investigation begins with comparing this class of permutations with uniformly random permutations, and showing that they behave…

Probability · Mathematics 2018-06-01 İlker Arslan , Ümit Işlak , Cihan Pehlivan

We provide general expressions for the joint distributions of the $k$ most significant $b$-ary digits and of the $k$ leading continued fraction coefficients of outcomes of an arbitrary continuous random variable. Our analysis highlights the…

Probability · Mathematics 2024-02-13 Félix Balado , Guénolé C. M. Silvestre

The goal of this note is to show that a widespread claim about Benford's Law, namely, that the range of every Benford distribution spans at least several orders of magnitude, is false. The proof is constructive and concrete examples are…

Probability · Mathematics 2020-11-30 Theodore P. Hill

We discuss a common suspicion about reported financial data, in 10 industrial sectors of the 6 so called "main developing countries" over the time interval [2000-2014]. These data are examined through Benford's law first significant digit…

Statistical Finance · Quantitative Finance 2017-12-04 Jing Shi , Marcel Ausloos , Tingting Zhu

Statistical independence is a notion ubiquitous in various fields such as in statistics, probability, number theory and physics. We establish the stability of independence for any pair of random variables by their corresponding Brockwell…

Probability · Mathematics 2024-04-12 Xingzhi Wang

We provide a systematic approach to deal with the following problem. Let $X_1,\ldots,X_n$ be, possibly dependent, $[0,1]$-valued random variables. What is a sharp upper bound on the probability that their sum is significantly larger than…

Probability · Mathematics 2015-07-27 Christos Pelekis , Jan Ramon

Benford's law is an empirical ``law'' governing the frequency of leading digits in numerical data sets. Surprisingly, for mathematical sequences the predictions derived from it can be uncannily accurate. For example, among the first billion…

Probability · Mathematics 2020-04-28 Zhaodong Cai , Matthew Faust , A. J. Hildebrand , Junxian Li , Yuan Zhang

Benford's law states that many data sets have a bias towards lower leading digits (about $30\%$ are 1s). There are numerous applications, from designing efficient computers to detecting tax, voter and image fraud. It's important to know…

Probability · Mathematics 2016-01-20 Victoria Cuff , Allison Lewis , Steven J. Miller