Article
The birth-death-mutation process: a new paradigm for fat tailed distributions.
PloS one - 1 Jan 2011
Maruvka Yosef E, Kessler David A, Shnerb Nadav M
Abstract excerpt
Fat tailed statistics and power-laws are ubiquitous in many complex systems. Usually the appearance of of a few anomalously successful individuals (bio-species, investors, websites) is interpreted as reflecting some inherent "quality" (fitness, talent, giftedness) as in Darwin's theory of natural selection. Here we adopt the opposite, "neutral", outlook, suggesting that the main factor explaining success is...
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