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Pareto distribution - Wikipedia, the free encyclopedia

Pareto distribution - Wikipedia, the free encyclopedia

Pareto Type I probability density functions for various α

Pareto Type I probability density functions for various α

Pareto Type I cumulative distribution functions for various α

Pareto Type I cumulative distribution functions for various α

Researchers have detected that the random changes in the direction of Argentine ants (Linepithema humile) follow mathematical patterns, which are a mixture of Gaussian and Pareto distributions. Courtesy of Lek Khauv

Researchers have detected that the random changes in the direction of Argentine ants (Linepithema humile) follow mathematical patterns, which are a mixture of Gaussian and Pareto distributions. Courtesy of Lek Khauv

When does inequality freeze an economy? Inequality and its consequences are the subject of intense recent debate. We address the relation between inequality and liquidity, i.e. the frequency of economic exchanges in the economy. We do that within an intentionally simplified model of the economy, where all exchanges that are compatible with agents' budget constraints are possible. Assuming a Pareto distribution of capital for the agents, that is consistent with empirical findings, we find an…

When does inequality freeze an economy?

Vladimir Putin has called income inequality "absolutely unacceptable," but in Russia just 111 people control nearly 20 percent of all wealth. (This was cited as 35% in 2013... in the 2015 text it reads 15%. Not a useful diversion for Americans considering their own avid corruptions of Pareto distributions.)

Inequality and the Putin Economy: Inside the Numbers

Vladimir Putin has called income inequality "absolutely unacceptable," but in Russia just 111 people control nearly 20 percent of all wealth.

Multivariate Flexible Pareto Model: Dependency Structure, Properties and Characterizations by Arthur ChiragievZinoviy Landsman, Statistics and Probability Letters. Pareto distribution is very important in actuary and financial risk management, mostly because of modeling heavy-tailed dependent losses.

Multivariate flexible Pareto model: Dependency structure, properties and characterizations

Tail Conditional Expectation for Multivariate Pareto Portfolio: TCE-Based Capital Allocation in the Case of Multivariate Pareto Distribution

This book examines a Tail Conditional Expectation risk measure in the case of multivariate Pareto distribution. It can be applied to calculate capital allocation for insurance companies, banks and other financial institutes.

Awesome Inventions

Awesome Inventions

The best thing on here is the growing thing as a bathroom rug. What an ingenious idea - and should be easy to make! SHUT UP AND TAKE MY MONEY!

Pareto cumulative distribution function

Pareto cumulative distribution function

Francis Markham. Bimodal, 2014.

How should I interpret these strange density and mixing plots when fitting a generalised pareto distribution using MCMC with JAGS?