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Power Laws
In statistics, a power law is a functional relationship between two quantities, where a relative change in one quantity results in a relative change in the other quantity proportional to the change raised to a constant exponent: one quantity varies as a power of another. The change is independent of the initial size of those quantities. For instance, the area of a square has a power law relationship with the length of its side, since if the length is doubled, the area is multiplied by 2, while if the length is tripled, the area is multiplied by 3, and so on. Empirical examples The distributions of a wide variety of physical, biological, and human-made phenomena approximately follow a power law over a wide range of magnitudes: these include the sizes of craters on the moon and of solar flares, cloud sizes, the foraging pattern of various species, the sizes of activity patterns of neuronal populations, the frequencies of words in most languages, frequencies of family names, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long Tail
In statistics and business, a long tail of some distributions of numbers is the portion of the distribution having many occurrences far from the "head" or central part of the distribution. The distribution could involve popularities, random numbers of occurrences of events with various probabilities, etc. The term is often used loosely, with no definition or an arbitrary definition, but precise definitions are possible. In statistics, the term ''long-tailed distribution'' has a narrow technical meaning, and is a subtype of heavy-tailed distribution. Intuitively, a distribution is (right) long-tailed if, for any fixed amount, when a quantity exceeds a high level, it almost certainly exceeds it by at least that amount: large quantities are probably even larger. Note that there is no sense of ''the'' "long tail" of a distribution, but only the ''property'' of a distribution being long-tailed. In business, the term ''long tail'' is applied to rank-size distributions or rank-fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Validating Power Laws
Validation may refer to: * Data validation, in computer science, ensuring that data inserted into an application satisfies defined formats and other input criteria * Emotional validation, in interpersonal communication is the recognition, the affirmation, the acceptance of the existence of expressed emotions, and the communication, the acknowledgement, of this recognition with the emoter(s) (the one(s) who express the emotions). * Forecast verification, validating and verifying prognostic output from a numerical model * Regression validation, in statistics, determining whether the outputs of a regression model are adequate * Social validation, compliance in a social activity to fit in and be part of the majority * Statistical model validation, determining whether the outputs of a statistical model are acceptable * Validation (drug manufacture), documenting that a process or system meets its predetermined specifications and quality attributes * Validation (gang membership), a fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renormalization Group
In theoretical physics, the renormalization group (RG) is a formal apparatus that allows systematic investigation of the changes of a physical system as viewed at different scales. In particle physics, it reflects the changes in the underlying physical laws (codified in a quantum field theory) as the energy (or mass) scale at which physical processes occur varies. A change in scale is called a scale transformation. The renormalization group is intimately related to ''scale invariance'' and ''conformal invariance'', symmetries in which a system appears the same at all scales ( self-similarity), where under the fixed point of the renormalization group flow the field theory is conformally invariant. As the scale varies, it is as if one is decreasing (as RG is a semi-group and doesn't have a well-defined inverse operation) the magnifying power of a notional microscope viewing the system. In so-called renormalizable theories, the system at one scale will generally consist of self- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Critical Point (thermodynamics)
In thermodynamics, a critical point (or critical state) is the end point of a phase Equilibrium (thermodynamics), equilibrium curve. One example is the liquid–vapor critical point, the end point of the pressure–temperature curve that designates conditions under which a liquid and its vapor can coexist. At higher temperatures, the gas comes into a supercritical fluid, supercritical phase, and so cannot be liquefied by pressure alone. At the critical point, defined by a ''critical temperature'' ''T''c and a ''critical pressure'' ''p''c, phase (matter), phase boundaries vanish. Other examples include the Upper critical solution temperature, liquid–liquid critical points in mixtures, and the ferromagnet–paramagnet transition (Curie temperature) in the absence of an external magnetic field. Liquid–vapor critical point Overview For simplicity and clarity, the generic notion of ''critical point'' is best introduced by discussing a specific example, the vapor–liquid cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Critical Exponent
Critical exponents describe the behavior of physical quantities near continuous phase transitions. It is believed, though not proven, that they are universal, i.e. they do not depend on the details of the physical system, but only on some of its general features. For instance, for ferromagnetic systems at thermal equilibrium, the critical exponents depend only on: * the dimension of the system * the range of the interaction * the spin dimension These properties of critical exponents are supported by experimental data. Analytical results can be theoretically achieved in mean field theory in high dimensions or when exact solutions are known such as the two-dimensional Ising model. The theoretical treatment in generic dimensions requires the renormalization group approach or, for systems at thermal equilibrium, the conformal bootstrap techniques. Phase transitions and critical exponents appear in many physical systems such as water at the critical point, in magnetic systems, in supe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phase Transition
In physics, chemistry, and other related fields like biology, a phase transition (or phase change) is the physical process of transition between one state of a medium and another. Commonly the term is used to refer to changes among the basic State of matter, states of matter: solid, liquid, and gas, and in rare cases, plasma (physics), plasma. A phase of a thermodynamic system and the states of matter have uniform physical property, physical properties. During a phase transition of a given medium, certain properties of the medium change as a result of the change of external conditions, such as temperature or pressure. This can be a discontinuous change; for example, a liquid may become gas upon heating to its boiling point, resulting in an abrupt change in volume. The identification of the external conditions at which a transformation occurs defines the phase transition point. Types of phase transition States of matter Phase transitions commonly refer to when a substance tran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Deviation
In statistics, the standard deviation is a measure of the amount of variation of the values of a variable about its Expected value, mean. A low standard Deviation (statistics), deviation indicates that the values tend to be close to the mean (also called the expected value) of the set, while a high standard deviation indicates that the values are spread out over a wider range. The standard deviation is commonly used in the determination of what constitutes an outlier and what does not. Standard deviation may be abbreviated SD or std dev, and is most commonly represented in mathematical texts and equations by the lowercase Greek alphabet, Greek letter Sigma, σ (sigma), for the population standard deviation, or the Latin script, Latin letter ''s'', for the sample standard deviation. The standard deviation of a random variable, Sample (statistics), sample, statistical population, data set, or probability distribution is the square root of its variance. (For a finite population, v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pareto Distribution
The Pareto distribution, named after the Italian civil engineer, economist, and sociologist Vilfredo Pareto, is a power-law probability distribution that is used in description of social, quality control, scientific, geophysical, actuarial science, actuarial, and many other types of observable phenomena; the principle originally applied to describing the distribution of wealth in a society, fitting the trend that a large portion of wealth is held by a small fraction of the population. The ''Pareto principle'' or "80:20 rule" stating that 80% of outcomes are due to 20% of causes was named in honour of Pareto, but the concepts are distinct, and only Pareto distributions with shape value () precisely reflect it. Empirical observation has shown that this 80:20 distribution fits a wide range of cases, including natural phenomena and human activities. Definitions If ''X'' is a random variable with a Pareto (Type I) distribution, then the probability that ''X'' is greater than some nu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1,000,000,000
1,000,000,000 (one billion, short scale; one thousand million or one milliard, one yard, long scale) is the natural number following 999,999,999 and preceding 1,000,000,001. With a number, "billion" can be abbreviated as b, bil or bn. In standard form, it is written as 1 × 109. The metric prefix giga indicates 1,000,000,000 times the base unit. Its symbol is G. One billion years may be called an '' eon'' in astronomy or geology. Previously in British English (but not in American English), the word "billion" referred exclusively to a million millions (1,000,000,000,000). However, this is not common anymore, and the word has been used to mean one thousand million (1,000,000,000) for several decades. The term ''milliard'' could also be used to refer to 1,000,000,000; whereas "milliard" is rarely used in English, variations on this name often appear in other languages. In the Indian numbering system, it is known as 100 crore or 1 . 1,000,000,000 is also the cube of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World's Richest Person
''The World's Billionaires'' is an annual ranking of people who are billionaires, i.e., they are considered to have a net worth of US$1 billion or more, by the American business magazine ''Forbes''. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt and other factors. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding any ranking of those with wealth that is not able to be completely ascertained. In 2018, Amazon founder Jeff Bezos was ranked at the top for the first time and became the first centibillionaire included in the ranking, surpassing Microsoft founder Bill Gates, who had topped the list 18 of the previous 24 years. In 2022, after topping the list for four years, Bezos was surpassed by Elon Musk. In 202 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
YouTube
YouTube is an American social media and online video sharing platform owned by Google. YouTube was founded on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim who were three former employees of PayPal. Headquartered in San Bruno, California, it is the second-most-visited website in the world, after Google Search. In January 2024, YouTube had more than 2.7billion monthly active users, who collectively watched more than one billion hours of videos every day. , videos were being uploaded to the platform at a rate of more than 500 hours of content per minute, and , there were approximately 14.8billion videos in total. On November 13, 2006, YouTube was purchased by Google for $1.65 billion (equivalent to $ billion in ). Google expanded YouTube's business model of generating revenue from advertisements alone, to offering paid content such as movies and exclusive content produced by and for YouTube. It also offers YouTube Premium, a paid subs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
