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The Birth-Death-Mutation process: a new paradigm for fat tailed distributions
The Birth-Death-Mutation process paradigm fat tailed distributions
2010/11/24
Fat tailed statistics and power-laws are ubiquitous in many complex systems. Usually the appear-ance of of a few anomalously successful individuals (bio-species, investors, websites) is interpreted as...
The notion that natural disasters can be controlled is, of course, farcical; history is permeated with examples of countless failed attempts at this pointless task; it is synonymous with trying to bui...
