Fractal probability laws

Iddo Eliazar*, Joseph Klafter

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

20 Scopus citations

Abstract

We explore six classes of fractal probability laws defined on the positive half-line: Weibull, Frechét, Lévy, hyper Pareto, hyper beta, and hyper shot noise. Each of these classes admits a unique statistical power-law structure, and is uniquely associated with a certain operation of renormalization. All six classes turn out to be one-dimensional projections of underlying Poisson processes which, in turn, are the unique fixed points of Poissonian renormalizations. The first three classes correspond to linear Poissonian renormalizations and are intimately related to extreme value theory (Weibull, Frechét) and to the central limit theorem (Lévy). The other three classes correspond to nonlinear Poissonian renormalizations. Pareto's law - commonly perceived as the "universal fractal probability distribution" - is merely a special case of the hyper Pareto class.

Original languageEnglish
Article number061125
JournalPhysical Review E - Statistical, Nonlinear, and Soft Matter Physics
Volume77
Issue number6
DOIs
StatePublished - 18 Jun 2008

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