Saturday, November 16, 2013

Benford's Law

A phenomenological law also called the first digit law, first digit phenomenon, or leading digit phenomenon. Benford's law states that in listings, tables of statistics, etc., the digit 1 tends to occur with probability ∼30%, much greater than the expected 11.1% (i.e., one digit out of 9). Benford's law can be observed, for instance, by examining tables of logarithms and noting that the first pages are much more worn and smudged than later pages (Newcomb 1881). While Benford's law unquestionably applies to many situations in the real world, a satisfactory explanation has been given only recently through the work of Hill (1998).



http://mathworld.wolfram.com/BenfordsLaw.html


http://www.jstor.org/discover/10.2307/27857060?uid=3739688&uid=2&uid=4&uid=3739256&sid=21102931270737

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