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Statistical Outliers and Dragon-Kings as Bose-Condensed Droplets
Statistical outliers Dragon-kings Physics and society Complex systems Bose-Einstein condensation Zipf law Power law
2012/6/5
A theory of exceptional extreme events, characterized by their abnormal sizes compared with the rest of the distribution, is presented. Such outliers, called "dragon-kings", have been reported in the ...
Black swans or dragon kings? A simple test for deviations from the power law
Black swans or dragon kings the power law A simple test for deviations
2011/3/25
We develop a simple test for deviations from power law tails, which is based on the asymptotic properties of the empirical distribution function. We use this test to answer the question whether great ...
Black swans or dragon kings? A simple test for deviations from the power law
test deviations power law great natural disasters financial crashes electricity price spikes
2011/3/23
We develop a simple test for deviations from power law tails, which is based on the asymptotic properties of the empirical distribution function. We use this test to answer the question whether great ...