Lorenzian analysis of infinite poissonian populations and the phenomena of Paretian ubiquity

نویسنده

  • Iddo Eliazar
چکیده

CT ED P RO O Abstract The Lorenz curve is a universally calibrated statistical tool measuring quantitatively the distribution of wealth within human populations. We consider infinite random populations modeled by inhomogeneous Poisson processes defined on the positive half-line—the randomly scattered process-points representing the wealth of the population-members (or any other positive-valued measure of interest such as size, mass, energy, etc.). For these populations the notion of ‘‘macroscopic Lorenz curve’’ is defined and analyzed, and the notion of ‘‘Lorenzian fractality’’ is defined and characterized. We show that the only non-degenerate macroscopically observable Lorenz curves are power-laws manifesting Paretian statistics—thus providing a universal ‘‘Lorenzian explanation’’ to the ubiquitous appearance of Paretian probability laws in nature. r 2007 Published by Elsevier B.V. PACS: 02.50. r; 05.45.Df; 05.65.+b

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Scale-invariance of random populations: From Paretian to Poissonian fractality

Random populations represented by stochastically scattered collections of real-valued points are abundant across many fields of science. Fractality, in the context of random populations, is conventionally associated with a Paretian distribution of the population’s values. Using a Poissonian approach to the modeling of random populations, we introduce a definition of ‘‘Poissonian fractality’’ ba...

متن کامل

Power-law distributions: Beyond Paretian fractality

The notion of fractality, in the context of positive-valued probability distributions, is conventionally associated with the class of Paretian probability laws. In this research we show that the Paretian class is merely one out of six classes of probability laws – all equally entitled to be ordained fractal, all possessing a characteristic power-law structure, and all being the unique fixed poi...

متن کامل

Managing in a Pareto world calls for new thinking

Research findings showing the ubiquity of Pareto and ‘power-law’ distributions in the social and organisational worlds underlie increasing calls for complexity-driven ideas to be applied more frequently to organisational and management research. Power laws indicate well-formed Pareto distributions. Given that the world of business is, then, quite likely Paretian rather than Gaussian, phenomena ...

متن کامل

Ordering infinite utility streams

We reconsider the problem of ordering infinite utility streams. As has been established in earlier contributions, if no representability condition is imposed, there exist strongly Paretian and finitely anonymous orderings of intertemporal utility streams.We examine the possibility of adding suitably formulated versions of classical equity conditions. First, we provide a characterization of all ...

متن کامل

Ordering infinite utility streams comes at the cost of a non-Ramsey set

The existence of a Paretian and finitely anonymous ordering in the set of infinite utility streams implies the existence of a non-Ramsey set (a nonconstructive object whose existence requires the axiom of choice). Therefore, each Paretian and finitely anonymous quasi-ordering either is incomplete or does not have an explicit description. Hence, the possibility results of Svensson (1980) and of ...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2008