| Literature DB >> 24297895 |
Jack Peterson1, Purushottam D Dixit, Ken A Dill.
Abstract
Probability distributions having power-law tails are observed in a broad range of social, economic, and biological systems. We describe here a potentially useful common framework. We derive distribution functions for situations in which a "joiner particle" k pays some form of price to enter a community of size , where costs are subject to economies of scale. Maximizing the Boltzmann-Gibbs-Shannon entropy subject to this energy-like constraint predicts a distribution having a power-law tail; it reduces to the Boltzmann distribution in the absence of economies of scale. We show that the predicted function gives excellent fits to 13 different distribution functions, ranging from friendship links in social networks, to protein-protein interactions, to the severity of terrorist attacks. This approach may give useful insights into when to expect power-law distributions in the natural and social sciences.Entities:
Keywords: fat tail; heavy tail; social physics; statistical mechanics; thermostatistics
Year: 2013 PMID: 24297895 PMCID: PMC3870711 DOI: 10.1073/pnas.1320578110
Source DB: PubMed Journal: Proc Natl Acad Sci U S A ISSN: 0027-8424 Impact factor: 11.205