Seminar 217, Risk Management: The Universality of Zipf's Law

Seminar 217, Risk Management: The Universality of Zipf's Law

Risk Seminar
Feb 1, 2022, 11:00 AM - 12:30 PM | Zoom | Happening As Scheduled
Ricardo Fernholz, Claremont McKenna College (Speaker - Featured)

Abstract: A set of data with positive values follows a Pareto distribution if the log–log plot of value versus rank is approximately a straight line. A Pareto distribution satisfies Zipf's law if the log–log plot has a slope of −1. Since many types of ranked data follow Zipf's law, it is considered a form of universality. We show that time-dependent systems with growth and variance...