The Birth-Death-Mutation Process: A New Paradigm for Fat Tailed Distributions

@inproceedings{Maruvka2011TheBP,
  title={The Birth-Death-Mutation Process: A New Paradigm for Fat Tailed Distributions},
  author={Yosef E. Maruvka and David A. Kessler and Nadav M. Shnerb},
  booktitle={PloS one},
  year={2011}
}
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 merely luck. The statistics emerging from the neutral birth-death-mutation (BDM) process… CONTINUE READING
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